Haughton Questions Whether GCT Cut Would Be Prudent After Leader Calls For 2% Reduction

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Opposition Senator, Dr Andre Haughton, says it costs Jamaica half a billion dollars in foreign debt service repayment each time the local currency depreciates.

There’s been concerns about the persistent depreciation in the local currency, concerns the Bank of Jamaica and the Finance Minister have sought to downplay.

But, in his maiden presentation to the State of the Nation Debate in the Upper House today, Senator Haughton says the concerns are valid.

Meanwhile, the Opposition Senator also appeared to dismiss a suggestion from his party leader, Dr Peter Phillips, for an immediate 2% cut in the 16.5% General Consumption Tax, GCT rate.

But, Dr Haughton is questioning whether that would benefit the country.

Dr Andre Haughton, Opposition Senator.



Stevian Simmonds is an investigative journalist with almost 3 years of experience in radio broadcasting, production and reporting. She graduated from Caribbean School of Media and Communication in 2014 and joined Nationwide News in 2016. In 2018, she produced a special report examining the working conditions of the Bussiness Process Outsourcing Industry. She worked undercover as a call center agent for a month, revealing the lack of data protection and general security infrastructure in the industry. Her report also highlighted the poor working conditions and remuneration faced by workers in the industry. In 2018, Stevian traveled to New Delhi India where she participated in the Inaugural WHO Partners Forum benefiting from critical training related to reporting on women’s and children’s health issues.


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