The Minister of Finance has proposed to revive a fiscal rule limiting the public sector payroll relative to GDP. This statement was made during the signing of a wage agreement for the period 2025-2028. He emphasized that the absence of this rule complicates salary negotiations, leading to discussions about the availability of funds rather than the allocation of resources. The minister urged unions to collaborate on this issue.
Reintroduction of a fiscal rule to regulate public sector salaries in Jamaica
This article was updated at 15:30.