$88.8 Billion Allocated for Debt Repayment
The Government has allocated $88.84 billion in the 2018/19 Estimates of Expenditure, now before the House of Representatives, for debt repayment this year. Of this sum, the lion’s share of $58.6 billion will go towards repaying Jamaican dollar benchmark investment notes issued under the Jamaica Debt Exchange/National Debt Exchange (JDX/NDX) initiatives. The second largest provision of $17 billion is earmarked...