Shaw Denies Knowledge of State of ESF Before Election

Finance Minister, Audley Shaw has denied newspaper reports which suggest that he knew about the status of the Energy Stabilization Fund, ESF, before the February 25 general elections.

Minister Shaw had told a meeting of private sector leaders that no money was in the ESF, forcing the JLP to have to seek alternative means to keep its commitment to provide income tax relief for those who earn less than 1-point-5-million dollars per annum.

However a report carried in the Gleaner newspaper on April 3, contradicted those claims, saying Mr. Shaw was given a full account by then Finance Minister, Dr. Peter Phillips of how the funds earmarked for the ESF were being handled.

But Minister Shaw is dismissing that claim.

He told journalists today that he never knew about the true state of the ESF until after he was sworn into office last month.

Minister Shaw also dismissed claims that the Holness administration will have to impose GCT on basic food items in order to support its income tax commitment.

Audley Shaw, Finance Minister, speaking with journalists today outside Gordon House following the ceremonial opening of parliament.


4 thoughts on “Shaw Denies Knowledge of State of ESF Before Election

  1. ackee

    Well then, Really now. I won’t even suggest he speaks to the Minister of Information Ruel Reid for clarity

  2. chikV2Ebola

    Peter was very good at covering up what he was doing.Shaw would need his own forensic auditor to keep pace with the former IMF Finance Minister !

    1. Dr Dre

      You are so blinded by green that i wonder if you think straight. Did you read the report from the verbatim clerk of Parliament which states that Mr Shaw was fully aware of the state of the ESF before the elections?

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