#BudgetDebate2025: Jamaica’s debt to GDP to hit 68.7% March 31 – Williams
Jamaica’s debt to GDP ratio will be 68.7 per cent effective March 31, 2025, according to Finance and Public Service Minister Fayval Williams.
This is a significant decline from the 135.6 per cent of GDP that the ratio stood at in 2012/2013 as pointed out by Williams in her maiden Budget presentation now underway at Gordon House.
She has pointed to the continued confidence being expressed about the state of the Jamaican economy by the international ratings agencies. Among other things, she has pointed to significant surplus and record low unemployment as pillars of a strong economy.
Casting shade on her Opposition counterparts, Williams said the Jamaica Labour Party was “not a run-with-it Government” but rather one that believed in fiscal discipline that will ensure a prosperous country for future generations.
