Fiscal discipline without growth leaving Jamaicans behind, says Hylton

During Tuesday’s Sectoral Debate on the 2026/27 national budget in Jamaica’s House of Representatives, Opposition trade, industry and global logistics spokesperson Anthony Hylland launched a pointed critique of the country’s decade-long economic trajectory, arguing that years of strict fiscal discipline have failed to deliver the structural transformation ordinary Jamaicans desperately need – a gap that hits low-income households the hardest.

Drawing on the core lesson of the popular business fable *Who Moved My Cheese?*, Hylton pressed the governing Jamaica Labour Party (JLP) administration for clear action. “As we continue this Sectoral Debate on the 2026/27 Budget, I ask this Government a very simple question: You clearly see that the cheese has moved, so where is the strategy to find it?” he said.

In a measured assessment, Hylton did not dismiss the progress the country has made on macroeconomic stability over the past ten years. He acknowledged that substantial fiscal consolidation has delivered tangible results: debt-to-GDP ratios have fallen consistently, primary budget surpluses have been maintained, inflation control has improved, and the hard-won macroeconomic stability is a real achievement. “Both administrations deserve measured credit for maintaining that discipline because the sacrifices required to achieve it were significant and felt by the Jamaican people,” Hylton noted.

But he pushed back against framing stability as an end goal in itself. “Stability is not development. Stability is simply the foundation upon which development must be built. A stable foundation only matters if something transformative is eventually constructed upon it,” he added.

After a full decade of JLP leadership, Hylton argued, the deep structural change Jamaica’s economy requires has yet to materialize, with evidence of stagnation visible across multiple key sectors. Manufacturing’s contribution to national GDP has seen no meaningful expansion, value-added exports remain stuck at low growth levels, and the country is still overly reliant on the same core economic pillars – tourism, bauxite and remittances – that supported the economy a generation ago.

He also flagged growing risks to the once-promising business process outsourcing (BPO) sector, which was long billed as a engine for middle-class job growth and opportunity. Hylton said the sector has now hit a plateau, and faces an existential threat from rapid automation and artificial intelligence advancement – a major risk that the 2026/27 budget barely acknowledges. The government’s flagship logistics hub project, he added, remains more of an unfulfilled vision than a fully implemented initiative. Even the country’s long-term development blueprint, Vision 2030, has struggled to meet its targets: now past its midpoint, key structural goals have been quietly deferred, delayed or scrapped entirely, according to Hylton.

Turning directly to the new 2026/27 budget tabled by Finance Minister Fayval Williams, Hylton argued that the proposal is little more than a hurricane recovery package repackaged as a growth-focused budget. While the Opposition fully recognizes the catastrophic impact of Hurricane Melissa, which caused an estimated US$12.2 billion in damages – equal to nearly 57% of Jamaica’s total GDP – and destroyed countless lives and livelihoods, Hylton said the government has failed to outline any clear strategy for long-term transformative growth beyond emergency response.

“The Jamaican people deserve more than crisis management, they deserve a coherent plan for growth and national advancement. And the pressures facing ordinary Jamaicans continue to intensify,” he told the chamber.

Hylton highlighted the gap between the budget’s assumptions and on-the-ground realities for working people. When the budget was drafted, policymakers assumed oil prices would sit around US$60 per barrel, but current prices hover near US$100. That difference will not be absorbed by government ministers, he noted – it will be paid by the single mother filling up her gas tank, the small farmer running an irrigation pump, and the small domestic manufacturer seeing electricity costs eat into already thin profit margins.

“These are the realities confronting Jamaicans every day; realities that cannot be solved by macroeconomic talking points alone,” Hylton said.

The West St Andrew Member of Parliament concluded that the projected 1-2% GDP growth forecast in the wake of Hurricane Melissa is not evidence of transformation – it is merely survival. “Jamaica deserves more than endurance, it deserves direction. Discipline without direction ultimately becomes endurance without destination, and the Jamaican people have endured long enough without seeing the level of transformation their sacrifices were supposed to produce,” he said.