Finance Minister Dr. Nigel Clarke
Jamaica now faces the challenge of resisting overspending during upcoming elections which could erode the gains of increased fiscal surplus and reduced debt levels since the pandemic.
Finance Minister Dr. Nigel Clarke last week said there are institutional checks on overspending.
He said the Auditor General has two weeks to review the budget and to issue a certificate that the parameters of the budget are consistent with fiscal rules.
The fiscal rules are enshrined in law passed in 2014 to guide Jamaica towards sustainable debt levels of 60 per cent debt-to-GDP output by 2028.
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