Government to establish poverty committee to address economic fallout
The Government says a poverty reduction committee is to be created to deal with fallouts caused by austerity measures as a result of Jamaica’s economic reform.
Finance Minister Dr Peter Phillips made the announcement during a special press briefing this morning at Jamaica House on deliberations that took place at last Thursday’s Cabinet retreat.
He notes that decision came out of a focus on the social safety net in light of the reform programme with the International Monetary Fund.
He says that the basic elements of the economic reforms programme should be sustained to continue on the path of debt reduction and to unlock growth in the economy.
However, Phillips adds that it was also decided that more attention is needed in relation to ramping up more growth in the economy.
He argues that the Government has taken steps to help the poor by raising the minimum wage, containing the inflation rate and has also increased contribution under the Programme of Advancement Through Health and Education.
Meanwhile, Phillips says most targets up to the end of the December quarter were met.
However, he says tax revenues underperformed by less than four per cent.
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