Mon | Apr 27, 2015

Holness calls for stimulus package to generate economic growth

Published:Tuesday | January 7, 2014

Opposition Leader Andrew Holness is urging the Government to immediately craft a stimulus programme to generate growth in the economy.



He says there are many projects languishing in parish councils and government agencies for years waiting for approval.



Holness wants the government to fast track the approval of these projects and have them implemented quickly so that employment can be generated for young people.



He says if there are funding challenges the government should seek financing from the National Housing Trust and the Jamaica Mortgage Bank at reduced interest rates.



According to Holness, the country has been burdened by the austerity measures under the agreement with the International Monetary Fund.



He warned the administration not to introduce additional taxes noting that social tensions are increasing in the society.



Holness said the Opposition has observed a sense of militancy among Jamaicans and declared that the country appears to be returning to the bad days of the early 1990s.



The Opposition Leader was speaking earlier today at a press conference at the JLP's Headquarters at Belmont Road in New Kingston.



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