The government of Jamaica incurred a fiscal deficit on operations of $64 billion for the fiscal year to March compared to a forecasted deficit of $84 billion, resulting from s modest reduction in revenues and sizable fall in expenditure, with government collecting $576 billion in revenues and spending $635 billion.
The government paid $7.2 billion on interest than budgeted, while $1.8 billion was paid on employees emoluments, other expenses had a reduction of $6.7 billion compared to the forecast and $2.8 billion less was spent on capital items, which together resulted in an overall reduction in expenditure of $18.6 billion.