Debt, fiscal adjustment, and economic growth in Jamaica
The buildup of debt in Jamaica has been concurrent with the country's sloweconomic growth, and the issues are intertwined. High debt slows economic growth, and slow economic growth makes the process of reducing the debt burden more difficult. Jamaica committed itself to a strict fiscal consolidation program to reduce its debt burden. The fiscal consolidation will be long, spanning more than half a generation, until reaching the debt-to-GDP target of 60 percent by 2026. Besides adhering to the fiscal targets, success will depend on the country's ability to break away from a history of low economic growth.
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Format: | Policy Briefs biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Economic Development, Fiscal Rule, Macroeconomy, Public Debt, Fiscal Management, E62 - Fiscal Policy, H62 - Deficit • Surplus, H63 - Debt • Debt Management • Sovereign Debt, H68 - Forecasts of Budgets Deficits and Debt, O49 - Economic Growth and Aggregate Productivity: Other, IMF program;Jamaica;Fiscal consolidation;EFF, |
Online Access: | http://dx.doi.org/10.18235/0008455 https://publications.iadb.org/en/debt-fiscal-adjustment-and-economic-growth-jamaica |
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dig-bid-node-124022024-05-30T20:03:20ZDebt, fiscal adjustment, and economic growth in Jamaica 2016-01-16T00:00:00+0000 http://dx.doi.org/10.18235/0008455 https://publications.iadb.org/en/debt-fiscal-adjustment-and-economic-growth-jamaica Inter-American Development Bank Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF The buildup of debt in Jamaica has been concurrent with the country's sloweconomic growth, and the issues are intertwined. High debt slows economic growth, and slow economic growth makes the process of reducing the debt burden more difficult. Jamaica committed itself to a strict fiscal consolidation program to reduce its debt burden. The fiscal consolidation will be long, spanning more than half a generation, until reaching the debt-to-GDP target of 60 percent by 2026. Besides adhering to the fiscal targets, success will depend on the country's ability to break away from a history of low economic growth. Inter-American Development Bank Juan Pedro Schmid Xavier Malcolm Policy Briefs application/pdf IDB Publications Jamaica The Caribbean en |
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Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF |
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Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF Inter-American Development Bank Debt, fiscal adjustment, and economic growth in Jamaica |
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The buildup of debt in Jamaica has been concurrent with the country's sloweconomic growth, and the issues are intertwined. High debt slows economic growth, and slow economic growth makes the process of reducing the debt burden more difficult. Jamaica committed itself to a strict fiscal consolidation program to reduce its debt burden. The fiscal consolidation will be long, spanning more than half a generation, until reaching the debt-to-GDP target of 60 percent by 2026. Besides adhering to the fiscal targets, success will depend on the country's ability to break away from a history of low economic growth. |
author2 |
Juan Pedro Schmid |
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Juan Pedro Schmid Inter-American Development Bank |
format |
Policy Briefs |
topic_facet |
Economic Development Fiscal Rule Macroeconomy Public Debt Fiscal Management E62 - Fiscal Policy H62 - Deficit • Surplus H63 - Debt • Debt Management • Sovereign Debt H68 - Forecasts of Budgets Deficits and Debt O49 - Economic Growth and Aggregate Productivity: Other IMF program;Jamaica;Fiscal consolidation;EFF |
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Inter-American Development Bank |
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Inter-American Development Bank |
title |
Debt, fiscal adjustment, and economic growth in Jamaica |
title_short |
Debt, fiscal adjustment, and economic growth in Jamaica |
title_full |
Debt, fiscal adjustment, and economic growth in Jamaica |
title_fullStr |
Debt, fiscal adjustment, and economic growth in Jamaica |
title_full_unstemmed |
Debt, fiscal adjustment, and economic growth in Jamaica |
title_sort |
debt, fiscal adjustment, and economic growth in jamaica |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0008455 https://publications.iadb.org/en/debt-fiscal-adjustment-and-economic-growth-jamaica |
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AT interamericandevelopmentbank debtfiscaladjustmentandeconomicgrowthinjamaica |
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1806237131099602944 |