FOR decades it has been said that Jamaica’s public sector is in need of a radical overhaul but that now seems to be the case according to Sagicor boss Richard Byles, who also serves as the co-chairman of the Economic Programme Oversight Committee (EPOC). This a body formed to see to it that the government adheres to the conditionalities laid out by the IMF in its Extended Fund Facility (EFF) arrangement with the government.
Speaking as the special guest of the Middle Managers Conference 2014 Media Launch held at the Knutsford Court Hotel on Monday, Byles pointed to a number of positive indicators in the public sector to support his observation.
During his presentation he made note of the passing in the Lower House on Tuesday, March 18 of fiscal rule legislation that now sees a cap being placed on what the country can now spend.
Published in the Jamaica Observer
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