'Jamaica In Better Place' than it was 12 months ago... But This Fiscal Year 'Won't Be Any Less Of A Fight', Says Richard Byles.....Jamaica's reaching its primary balance target "is a very significant development for Jamaica,"

Published: Tuesday | April 15, 2014  
"There is no doubt that the Jamaican economy is in a better place today than it was 12 months ago," said Richard Byles, co-chairman of the Economic Programme Oversight Committee (EPOC).
Richard Byles
Richard Byles
But despite the improvements, it is important that no one feels "overconfident", Byles said, as the year ahead "won't be any less of a fight".
Byles was speaking at a media briefing at the Sagicor head office in New Kingston yesterday.
EPOC was responding to public statements from Finance Minister Peter Phillips that Jamaica had met the fourth-quarter primary surplus target and that he expects a positive International Monetary Fund (IMF) programme review for the end of March.
But Byles said EPOC's comments were on the presumption that the minister's information was accurate, as it had not yet seen the official preliminary or final results.
"I'm taking him on his word," Byles said.
Jamaica's reaching its primary balance target "is a very significant development for Jamaica," Byles said. "Not many people believed we could achieve this target."
"However, we still have a long way to go," he said. We should see "big challenges for this fiscal year." more 

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