Ministry of Finance & The Public Service - FILE PHOTO
Data released by the Ministry of Finance revealed that the Government of Jamaica repaid $56 billion more in debt than it programmed for during the period April to September of this fiscal year, although it cut total expenditure by $46 billion and the capital budget by almost $5 billion.
The data published by the ministry indicated that it budgeted to repay $126.9 billion during the period but repaid $183.2 billion instead.
A total of $153 billion was repaid on the external debt, while the amount budgeted for was $96.9 billion.
The amount repaid on the domestic debt was $29.9 billion, which was in line with the amount budgeted for the period.
The country's debt to GDP ratio is now about 70 per cent, compared with 62 per cent before the devastation wrought by Hurricane Melissa in October last year.
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