Tue | Jun 15, 2021

Enabling Ja to grow: Champion and support new business

Published:Sunday | May 13, 2012 | 12:00 AM

With Jamaica's economy perennially characterised by low growth, high fiscal deficit, low productivity, private-sector stagnation and high debt, the Government has no option but to demand increased tax collection to cover expenditure.

But there is a clear dilemma that must be resolved, there must be a balanced approach between government and private-sector influences, especially in the current context where the country is forced to contend with the International Monetary Fund's firm stance on spending restraints.

With those constraints in mind, the main engine of growth for the Jamaican economy must come from sustainable business formation.