An Analysis of Jamaica's Fiscal Budget (1974-1983): with special reference to the impact of the bauxite levy

Davies, Omar, An Analysis of Jamaica's Fiscal Budget (1974-1983): with special reference to the impact of the bauxite levy, Mona Kingston: University of the West Indies, 1984.

From the Preface:

The paper is based on a presentation made to an International Seminar on Mineral Resources Taxation with Reflections on the Jamaican Bauxite Production Levy, held in Kingston in September 1984. The seminar was arranged by the Jamaica Bauxite Institute to commemorate the tenth anniversary of the Government of Jamaica’s imposition of the Bauxite levy on the transnational companies involved in the industry in Jamaica.
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The study’s general objective is to analyze the growth and structure of Jamaica’s Fiscal Budget over the ten year period 1974 – 1983 (the first ten years of the levy’s existence) and in particular to examine the impact of the levy earnings on the Government’s fiscal operations. This is achieved by splitting the budget into Recurrent and Capital and analyzing expenditure patterns and revenue inflows in both current and constant dollars. The general conclusion is that, although there was some general scope for marginal adjustments, the combination of factors such as limited revenue inflows and rapidly increasing debt servicing requirements provided successive governments with little room for maneuver.