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PSOJ urges Government not to engage in reckless spending as elections near

Published:Monday | September 21, 2015 | 12:52 PM

The Private Sector Organisation of Jamaica (PSOJ) is urging the Government not to engage in frivolous spending as elections draw near.

In a media release this morning the PSOJ said it appears an election is imminent given the increased political atmosphere.

The PSOJ is stressing that Jamaicans have made too many sacrifices over the past two years to see these gains reversed by frivolous expenditure, as has happened in past elections.

PSOJ President William Mahfood is urging the government to ensure that it remains committed to the fiscal and economic reform programme.


PSOJ President William Mahfood

Mahfood says his organisation is pleased with the gains made under the economic programme.

He notes that the PSOJ’s monthly monitoring has shown improvements in the fiscal balances, current account balance, business confidence, and inflation and interest rates.

He says he believes Jamaica is in a position to capitalise on the gains made over the last two years for sustained economic development.