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Not enough money in budget to finance election promises, suggests Phillips

Published:Friday | April 15, 2016 | 4:11 AM
Opposition spokesman on finance Dr Peter Phillips (left) speaks with Anthony Hylton during Parliament yesterday.

Opposition spokesman on finance, Dr Peter Phillips, has suggested there are telltale signs that many of the election promises made by the Government cannot be financed by the budget tabled yesterday.

In an interview following the tabling of the Estimates of Expenditure yesterday, Dr Phillips noted that the amounts allocated on the recurrent side of the budget, which includes wages and salaries, are not on pace with inflation.

He said there is also not enough space on the Capital side which funds projects and programmes.

 

Opposition spokesman on finance, Dr Peter Phillips.

However, Phillips said he could not give a comprehensive assessment without the benefit of the Estimates of Revenue, which were not yet available at the time he spoke with The Gleaner/Power 106 News Centre.