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Shaw should come clean and apologise - MSME Alliance

Published:Monday | April 4, 2016 | 4:16 AM
Finance Minister Audley Shaw.

There is more pressure on the Finance Minister Audley Shaw to come clean and apologise for giving an impression that he did not know that the money from the special gas tax was placed in the Consolidated Fund instead of being set aside in a special fund.

Yesterday, The Sunday Gleaner cited parliamentary records showing that Shaw was told about this from last year.

The president of the Micro, Small and Medium Enterprise (MSME) Alliance Donovan Wignall, says Shaw should not have been surprised to find that the gas tax is not available to fund the Jamaica Labour Party's income tax plan.

 

President of the MSME Alliance, Donovan Wignall

The former finance minister, Dr Peter Phillips says when he left office in February, legislation was not complete for the establishment of the special fund called the Energy Stabilisation Fund.

He also said approximately $3 billion from the special gas tax was used to finance an insurance programme for oil last July. 

The Holness administration had hoped to get $9.5 billion from the gas tax to fund the income tax policy.

The Office of the Prime Minister says the issue will be “addressed in the presentation of the Budget later this month.