Opposition raises concern over ‘under-execution’ of capital budget

KINGSTON, Jamaica — Julian Robinson, the Opposition Spokesman on Finance, has raised significant concerns over Jamaica’s persistent under-execution of its capital budget, labeling it a chronic issue that threatens the nation’s economic growth. His comments were prompted by the latest report from the Independent Fiscal Commission (IFC), which revealed that only $20.1 billion of the allocated $40.5 billion was spent in the first quarter of the 2025/26 fiscal year. This follows a pattern of underspending, with $19 billion unspent in FY 2024/25 and a nearly $9 billion shortfall in FY 2023/24. Robinson criticized the government for failing to address inefficiencies and bottlenecks in the public procurement system, which he believes are hindering the implementation of vital projects. Drawing comparisons with the Dominican Republic, which has successfully executed a $12 billion National Infrastructure Investment Plan, Robinson highlighted the stark contrast in regional infrastructure development. He warned that Jamaica’s inability to execute its capital budget effectively is a ‘growth-constraining concern,’ particularly at a time when higher economic growth is essential for generating additional revenues. While the Bank of Jamaica forecasts a modest two to three per cent growth for the September quarter, Robinson cautioned that this is largely recovery growth following last year’s economic contraction due to Hurricane Beryl. He stressed the need for sustainable, long-term growth strategies, urging the government to reform procurement processes, accelerate project execution, and create conditions for sustained economic expansion. Failure to act decisively, he argued, will result in weaker-than-projected revenues and unmet promises to the Jamaican people.