Transport Authority Press Release
Merdina Callum Acting Corporate Communication Manager |
The Following is a release from the Transport Authority:
Consumer Prices
SpotOn Increasing Its Reach and Influence
EPOC Report
Jamaica’s economy continues on a growth path as inflation trends downwards
The EPOC met on February 24, 2023 to review the Fiscal and Monetary Quantitative Performance indicators under the Government of Jamaica’s Economic Reform Programme.
The following were key highlights noted by EPOC:
- Inflation rate continues to trend downwards, ending February 2023 at 7.8% relative to 8.1% at January 2023
- Tax Revenues outperformed the Third Supplemental budget
- Wages and Salaries to GDP continue to breach the 9% fiscal rule and is projected to close the year at 11.4%
- EPOC recommends a review of the GOJ Wages to GDP 9% fiscal rule as it continues to be breached
- Net International Reserves of US$3.9B as at February 2023 remain strong
- Real GDP growth of 3.4% was estimated for the October-December 2022 quarter, an indication that Real GDP has returned to pre-COVID levels and projected to close the Fiscal year at 5.1%
- GOJ projects 1.6% GDP growth rate for 2023/24
- Debt to GDP is projected to close the fiscal year at below 80% as Primary and Fiscal balances exceed targets
- Debt to GDP is projected to fall to 74.2% in 2023/24
E-Passport
I understand that Jamaica will be issuing e-passport soon. This is a very interesting development and it seems that is the way that the world will be going. With the threat of international terrorism, the need to secure border and just to be able to identify persons uniquely it is just a matter of time before this is introduced internationally. If you put one and one together then I have no double that the National Identification System will play an important role in all of this. My understanding is that biometric information will be needed for this e-passport. Will this be another constitutional matter which will be challenged in court? These developments are inevitable and if our constitution is not flexible to allow for certain modern development then we could find ourselves in a time bubble which will talk us no where.
Report From a Listener - Downtown Needs Attention
Mr. Everton G. Hunter |
Well done u are getting things done congrats . Please continue to keep up the good works
ReplyDeleteThanks Mr Derby God bless you we need more people like u to speak up .For I came out and went down town and it was a disgrace to see the amount of garbage. But keep up the work my bro.
ReplyDeleteWell done mr derby keep up the good work👹
ReplyDelete