Jamaica's debt to GDP ratio was estimated at 72.2 per cent at the end of the 2023/2024 fiscal year.
The debt-to-GDP ratio is a financial metric used to assess a country's debt burden, relative to the size of its economy.
The Economic Programme Oversight Committee (EPOC) says this is ahead of the initial projection of 74.2 per cent for the 12 months, April 2023 to March 2024.
The latest report from EPOC shows that the country's total debt was estimated at J$2.2 trillion.
Jamaica is aiming to reduce its debt-to-GDP ratio to around 60 per cent or lower.
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