KINGSTON, Jamaica (JIS) – Prime Minister, the Most Hon. Portia Simpson Miller, has assured the local and overseas business community that her administration will pursue a tight fiscal policy, reduce the country’s debt to Gross Domestic Product (GDP) ratio, and maintain the key macro-economic fundamentals.
She has also emphasised that the newly elected government will be “very careful and prudent” in its debt management.
“We will do all of this while seeking to improve the social conditions of our people, including a serious reduction of the chronic state of unemployment in this country, particularly among our young people,” Mrs. Simpson Miller stated.
The Prime Minister made the commitment in her inaugural speech at King’s House today, where she was installed as Prime Minister for the second time. Mrs. Simpson Miller is the nation’s 7th Prime Minister.
She also assured that the government will work with anyone, who is prepared to do so in Jamaica’s interest, and who shares the vision that people must be at the centre of development.
“Our investors, including foreign direct investors, must contribute to making Jamaica a truly competitive economy. Now, more than ever, we must also make it easier to do business in Jamaica. Investors demand no less, and our future social and economic prospects depend on it,” Mrs. Simpson Miller stated.
The Prime Minister further told the nation that her administration will ensure greater openness in government and frankness in its relations with the international community.
“This candidness will also be seen in the meetings of Parliamentary Committees, which Members of the Opposition will continue to chair; and, to which the media and the public will have full access,” she stated.
The Portia Simpson Miller–led People’s National Party (PNP) defeated the then governing Jamaica Labour Party at the polls in the December 29 General Election, claiming 42 of 63 seats.