'Gov't inherited a mountain of arrears from the PNP administration'
The Andrew Holness administration says it has inherited a mountain of domestic arrears of almost $50 billion from the previous People's National Party (PNP) administration.
State Minister in the Finance and Public Service Ministry, Fayval Williams, made the disclosure yesterday afternoon during her maiden Sectoral Debate contribution.
She said the bills are owed to business and government entities.
Williams also revealed that the Holness administration inherited $21.7 billion of tax refund arrears payments.
Those taxes are to be refunded to persons from whom the government collected.
However, Williams says this cannot be done because of limited resources.
Last year there were several protests by public sector workers over the non-payment of salary deductions.
Some public entities had also complained about sums owed to them by central government.
Meanwhile, Opposition Spokesman on Finance, Dr Peter Phillips, says while there were domestic arrears, under the fiscal consolidation programme associated with the International Monetary Fund there was an understanding there would be efforts at containment.
He also says there were significant arrears when the previous administration took over from the Jamaica Labour Party in 2011.