JAMAICA’s fiscal watchdog is questioning whether the Government’s new budget is built on realistic numbers, warning that overly optimistic economic assumptions could mean the country ends up with less money than expected — and more debt than it is letting on.
The Independent Fiscal Commission, in a report released last month, took issue with the Government’s projection that the economy will grow by 9.2 per cent in value terms in the coming financial year. To reach that figure, prices across the economy would need to rise by nearly 10 per cent. But inflation was running at just 3.9 per cent as recently as January, making that assumption hard to justify, the co
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