The government of Jamaica spent less on interest, capital projects and collected more tax revenues but received less grants from April to July this year.
This development resulted in the actual deficit being $8 billion less than budgeted.
Tax revenues were $3 billion more than planned and grants $1.5 billion less than expected but interest cost mainly of foreign debt resulted in savings of $4 billion while $4.3 billion less was expended on the capital projects. The critical primary surplus was $4 billion ahead of forecast of $23.7 billion.
GOJ collects more spends less
September 1, 2015 by
