Financial Sector Optimistic Following Tabling of Stimulus Budget

President of the Realtors Association Of Jamaica, Andrew James, is issuing a rallying cry to potential investors across to Jamaica to Invest NOW!

His exhortation comes following Finance Minister, Dr Nigel Clarke’s budget presentation yesterday in which he unveiled a raft of tax cuts as part of a $14-billion stimulus package.

Mr James says he’s pleased that Minister Clarke also announced reductions in property transfer tax and stamp duty.

In the meantime, President of the Micro, Small and Medium Sized Enterprises, MSME, Alliance, Donnovan Wignall, says the new measures will improve the entrepreneurial environment.

Meanwhile, President of Scotia Jamaica Life Insurance Company, Dr. Adrian Stokes, in reacting to Minister Clarke’s net tax cuts, says it was a decisive moment in the fiscal history of independent Jamaica.

Dr. Stokes says the measures will facilitate greater economic growth.

And, Group Research Manager at the JMMB Group, Jermaine Burrell, says the improvements in revenue collection, shows there’s increased activity in the economy.


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