Executive summary
In his second Budget Speech before Parliament, Dr. the Honorable Nigel Clarke, Jamaica’s Minister of Finance and the Public Service (the Minister) addressed the progress of the Jamaican economy and explained in detail how the country’s improving debt profile has allowed his Government the fiscal ability to implement a second consecutive series of tax cuts, estimated to be in the region of J$18 billion for the 2020/2021 fiscal year.
For many years the country has confronted c…