The Jamaica Manufacturers Association, JMA, is warning the government against using funds from the National Housing Trust, NHT, for budgetary support.
President of the JMA, Metry Seaga, says taking money from the NHT for budgetary support is like imposing an ‘income tax’.
Last week, Finance Minister, Audley Shaw, refused to confirm or deny whether the government will continue to take money from the NHT for budgetary support.
He’d only say that he’ll address the matter when he makes his contribution to the budget debate next month.
State Minister for Finance, Fayval Williams, disclosed earlier this week that the government was looking at the over 190 public agencies to see whether they were operating efficiently and are able to provide more to central government.
But Mr. Seaga says the JMA is also against the government taking funds from any public body for budgetary support.
He’s urging the government to charge lower taxes in order to collect more.
Metry Seaga, President of the Jamaica Manufacturers Association, was speaking yesterday at a media conference in Kingston.