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JLP economic council member says missed IMF target not a surprise

Published:Wednesday | May 6, 2015 | 5:46 PM

A member of the Jamaica Labour Party's (JLP) economic council, Fayval Williams, says it should not be surprising that Jamaica missed the primary surplus target for the March quarter under the IMF programme.

She argues that it was inevitable given the difficulties by the Government in meeting its own tax revenue targets and the insufficient economic growth.

According to her, the Government has reached its limit in cutting expenditure to fill the gap created by the shortage of revenue in order to meet the primary surplus target.

 

Meanwhile, Williams, who is also the deputy spokesperson on finance, says attention has to be placed on the outcome of wage negotiations between public sector unions and the Government.

She says a trust deficit exists between the parties and it is important that a workable solution results from the wage negotiations.

 

Member of the JLP's economic council, Fayval Williams