We are pleased to share our highlights of Jamaica Budget 2025. The budget presentation for the financial year 2025/26 was read on March 11, 2025, by the Honourable Fayval Williams, MP, Minister of Finance and the Public Service of Jamaica.
In this commentary, The Minister emphasised on several examples of the “good news” about the economy, including that:
- the lowest ever recorded unemployment rate was 3.5%, as at October 31, 2024;
- the lowest recorded debt to GDP ratio in 30 years will be 68.7%, as at March 31, 2025;
- the highest net international reserves in over 30 years of US$5,583.7 million, as at December 31, 2024;
- and the overall inflation figure remains within the target 4-6 percentage range.
Should you require additional clarification or wish to discuss, do not hesitate to contact our dedicated tax team members.
