The Jamaica Urban Transit Company (JUTC) is projected to record another $18 billion in operating losses before the government's subsidy by the end of this fiscal year in March.
The government will be covering some of these losses with a subsidy of $11.1 billion, resulting in a projected loss of $7.7 billion.
These losses were generated after operating expenses of $10.7 billion.
These expenses are projected to surge to $17 billion during the next fiscal year.
Figures are found in the Jamaica Public Bodies Estimate of Revenue and expenditure for the year ended on March 31, 2027.
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