‘No New Taxes!’ – Shaw Outlines New Revenue & Expenditure Measures

Amidst loud applause from Government MPs, Finance Minister Audley Shaw has formally advised the House of Representatives that no new taxes will be implemented this fiscal year.

Minister Shaw says tax revenues are over-performing by $5-billion which is the best result achieved over the past 16-years.

Minister Shaw made the disclosure during his contribution to the 2018/2019 Budget Debate in the House of Representatives this afternoon.

Minister Shaw also reported to Parliament that Jamaica has passed all the performance tests set by the IMF.

Minister Shaw says Jamaica hasn’t had to access over USD$1.5-billion which is available under the IMF programme.

Minister Shaw also told the House, the Holness administration has been keeping its commitment to create jobs.

He says going forward the government will be placing emphasis on training more people to take up jobs which are available.

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