2 months ago
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Finance Minister Dr. Nigel Clarke says works under the SPARK programme this fiscal year will be financed from the funds earned by the government under its recent structured securitisation transaction.
On Monday, the finance ministry announced that Jamaica’s first structured securitisation transaction in international capital markets earned the government US $480 million.
Meanwhile, opposition spokesperson on finance, Julian Robinson, during the sitting of the House of Representatives on Tuesday, questioned whether the funds would be used for recurrent expenditure.
In response, Dr. Clarke explained that considering the growth shocks the country has experienced in the second and third quarter of the year, the country would not be able to maintain its debt repayment trajectory without the securitisation funds.
Dr. Nigel Clarke, finance minister.
English (US) ·