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<"When we took over the reins of government in January of this year (2012), we inherited a massive unsustainable public debt that constituted a millstone on Jamaica's capacity to grow and develop. This public debt, along with our salaries and wage bill, absorbs 80 cents out of every dollar and leaves us with just 20 cents to do everything else in the country," Phillips told a packed audience at the hotel.
Serious set of challenges
"We are, therefore, faced with a serious set of challenges. We have taken control of our finances by paying off our debt, and to desist from borrowing beyond our means to repay," added the finance minister.>
Maybe he can get advice from Omar..
Serious set of challenges
"We are, therefore, faced with a serious set of challenges. We have taken control of our finances by paying off our debt, and to desist from borrowing beyond our means to repay," added the finance minister.>
Maybe he can get advice from Omar..
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