Fri | Dec 2, 2016

Audley Shaw to make Budget presentation today

Published:Tuesday | March 17, 2015 | 9:50 AM
Audley Shaw

Opposition Spokesman on finance Audley Shaw says he will be seeking to give the country a reality check when he makes his presentation in the budget debate this afternoon.

According to Shaw the Government has been painting a rosy picture of the state of the Jamaican economy, which does not reflect reality.

Opening the Budget Debate last week Thursday, the finance Minister, Dr Peter Phillips said the Government had restored stability to the economy and he announced a number of planks on which the Administration was seeking to achieve growth in the country.

However, Shaw says Jamaicans are going through a lot of hardship and the country is in serious trouble.

Shaw says while the Government has been passing International Monetary Fund tests, it has not been able to find a formula to get the productive sector revved up.

Last week the finance minister also announced measures to plug a more than $10 billion gap in the Budget, including increased taxation on cigarettes fuel and electricity.

Shaw says he will be addressing the measures when he speaks this afternoon.

The Government has said it plans to spend $641.6 billion in the 2015-2016 financial year.