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Jamaica - First Programmatic Fiscal Sustainability Development Policy Loan Program (Inglês)

The objective of the First Programmatic Fiscal Sustainability Development Policy Loan (FS DPL1) Program for Jamaica is to increase the efficiency of public financial management and budgeting processes, by supporting efforts to improve the efficiency of public expenditures and investment, and strengthen control of public finances and the effectiveness of government budgeting practices. This reform program is critical to the Government of Jamaica (GoJ) strategy to create fiscal space for priority social and investment spending and increase the growth potential of Jamaica. The FS DPL1 will also support the maintenance of macroeconomic stability while the GoJ adjusts to the deterioration in the global environment while continuing to implement the longer term reform agenda for fiscal and debt sustainability. The FS DPL1 supports actions to: (a) promote fiscal sustainability through control of overall public sector balances and debt generation, and rationalization of public bodies; (b) improve the efficiency of public financial management and budget process; and (c) strengthen the tax administration capacity, reduce tax distortions and enhance the efficiency of the tax system. The Government has made progress on these key components of its reform program, even in the context of the ongoing global economic crisis.


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    América Latina e Caribe,

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    Jamaica - First Programmatic Fiscal Sustainability Development Policy Loan Program

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    Fiscal and Debt Sustainability;Public Expenditure and Financial Accountability;Statistical Institute of Jamaica;negative impacts of climate change;Finance and the Public Service;consumer price inflation;real exchange rate appreciation;conditional cash transfer program;public debt;central government wage bill;heavily indebted poor country;institution need;increase in tax revenue;monitoring and evaluation arrangement;public sector reform programs;Efficiency of Public Expenditures;high public sector debt;vulnerability to climate variability;quality of public expenditures;impacts of hurricane;poverty and social impact;debt exchange;current account deficit;Public Financial Management;exchange rate depreciation;higher interest payments;debt service burden;global financial crisis;international financial institution;primary budget surplus;domestic financial system;global economic crisis;crime and violence;wages and salary;total factor productivity;global financial market;public wage bill;total public debt;gross national income;total debt stock;consumer price index;banking system asset;commercial banking system;international capital market;cost of debt;loan loss provision;natural resource endowment;commercial banking sector;foreign currency debt;domestic interest rate;foreign direct investment;central government revenue;tax collection effort;reduction in tax;reduction in poverty;return on asset;quality of education;medium-term macroeconomic framework;Labor market rigidities;labor market rigidity;minister of finance;canadian international development;high unemployment rate;share of debt;international financial crisis;country economic memorandum;private investment rate;public investment spending;risk management options;domestic private sector;debt management strategy;public sector transformation;debt external;increasing tax revenue;Capital Adequacy Ratio;outstanding government debt;salaries and wages;domestic public debt;government's reform program;total tax revenue;net present value;central government's budget;public sector efficiency;increase tax revenue;freedom of expression;implementation of reform;public sector finance;costs of inaction;Special Drawing Right;safety net program;natural disaster risk;private sector enterprise;institutional capacity building;outstanding domestic debt;debt management reform;public sector wage;import of goods;total external debt;total debt service;international commodity price;debt sustainability analysis;impact of shock;central government deficit;human resource management;economic growth rate;certificate of deposit;Country Assistance Strategies;government budget process;risk of contagion;weak financial regulation;country assistance strategy;Catastrophe Risk Insurance;bank of jamaica;loss of competitiveness;public sector workforce;analytical and advisory;domestic economic activity;fiscal balance;real gdp;fiscal deficit;fiscal space;wage freeze;global recovery;Macroeconomic Stability;domestic demand;government security;public body;global environment;Tax Administration;primary surplus;external environment;security dealer;Fiscal Reform;Financial Sector;capital spending;political opposition;political context;participation rate;public finance;tax payment;Reducing Debt;adverse consequence;public entity;development partner;communication strategy;financing constraint;trade balance;generation capacity;front-end fee;primary expenditure;external shock;tax system;Public Spending;tourism receipts;building society;global condition;Fiscal Sustainability;jamaican dollar;financing need;government resource;fuel price;credit growth;Exchange Rates;government guarantee;rating agency;fiscal spending;consumption tax;temporary measure;life expectancy;global economy;international reserve;extreme scenario;corporate profit;interest risk;budgetary expenditure;primary balance;expenditure capital;depository institution;expenditure source;budgetary revenue;foreign income;reform plan;political risk;principal repayment;opposition party



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