Jamaica recorded a JMD 5.4 bln primary surplus in May, a decrease from the previous year’s JMD 10.5 bln. The overall fiscal deficit widened to JMD 10.1 bln from JMD 0.4 bln in May 2023. The fiscal deterioration is seen as temporary, driven by spikes in capital expenditures and interest payments on external debt, which are expected to moderate.