The Private Sector Organization of Jamaica, PSOJ, says it has not endorsed the Portia Simpson-Miller administration.
However, it supports the country’s performance under the current economic and fiscal reform programme.
The PSOJ says its monthly monitoring has shown improvements in the fiscal balances, current account balance, business confidence, inflation and interest rates.
It says if Jamaica continues on the path of fiscal and economic reform embarked on two years ago, greater stabilization and business confidence will improve.
But PSOJ President, William Mahfood, says the statement must not be taken as an endorsement of the PNP administration, ahead of the next general elections.
Mr. Mahfood says it’s necessary for the PSOJ to remind the government that Jamaicans have made too many sacrifices over the past three years, to allow the administration to revert to frivolous, election related expenditure.
The issue of private sector support for the Simpson-Miller administration hit the election campaign trail recently when Justice Minister, Mark Golding, told a PNP meeting that members of the private sector were supporting the administration because of their management of the economy.