Sat | Dec 3, 2016

Concern over capital spending lingers

Published:Friday | February 20, 2015 | 8:25 AMDamion Mitchell, Editor

Financial analyst Ralston Hyman says based on the current numbers, the Government appears to be maintaining a tight rein on spending.

Hyman says while this is important, there is still concern about the amount of $88 billion available for next year to spend on capital projects like roads, water supply and schools.

William Mahfood, the President of the Private Sector Organisation of Jamaica agrees.

 

Damion Mitchell speaking with Financial anaylst Ralston Hyman and President of the Private Sector Organisation of Jamaica William Mahfood.

Yesterday the Finance Minister Dr Peter Phillips tabled a $641.5 billion budget in the House of Representatives along with a plan to collect $402 billion in revenues this year.