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Minister of Finance and the Public Service Audley Shaw says that Jamaica is finally experiencing a budget surplus, after many years of budget deficits.


Speaking at a press briefing at his ministry on Friday, Shaw noted that the primary budget surplus for the last fiscal year had increased to $135.9 billion, which was $7.7 billion or six per cent above the targeted surplus.

“This strong budget performance has provided the Government with more funds for investing in the Jamaican people and future generations,” he noted.

Shaw's presentation at the briefing focused on the fact the Government's most recent debt-management exercise has enabled it to prepay some US$526 million in debt that was issued under the Jamaica Debt Exchange.

http://www.jamaicaobserver.com/business-observer/jamaica-now-has-a-budget-surplus-8212-shaw_109425?profile=1056

Jamaica Central Bank sometime ago was complaining that there is too much US dollars in circulation, especially in commercial banks and requested such excess to be deposited in the Central Bank.

In reply to Slipfeeler

That is great news Slips...yet I would prefer a much lower murder rate. It's getting out of hand now...even by Jamaican standards

Pay your debt down and save some fer a rainy day .

Congrats Jamaica

You have been thru hell .

Good news. Peter Phillips did an excellent job.

And TT,one of the richest in the Caribbean borrowing billions,house keeping gone to a new level.

Can Jamaica help our sister island Barbadoes ?

we have a budget surplus and Cornwall Regional Hospital is as dirty as a poorly run mechanic's shop?

In reply to camos