World Economy

Jamaica Debt Ratio Falls

Jamaica Debt Ratio FallsJamaica Debt Ratio Falls

The ratio of Jamaica’s stock of public debt-to-gross domestic product was reduced to 120.2% as at March this year, better than the projected 125.1% set under the economic support program with the International Monetary Fund, according to data from the Ministry of Finance and the Public Service, NewsNow reported. It is also a considerable improvement over the 136.6% at the end of March 2015, co-chairman of the Economic Program Oversight Committee, Richard Byles said. “So this puts us in a pretty strong position to continue to achieve the reduction in the debt-to-GDP in the future,” Byles said.