Stevian Simmonds reports

The Economic Programme Oversight Committee, EPOC, says the economy is recovering well, despite the ravages of the COVID-19 pandemic.

According to EPOC’s Chairman Keith Duncan, tax revenues are already ahead of target by more than 6-billion dollars.

Mr Duncan says tax revenues are nowhere near the levels achieved last year, due primarily to the impact of the Covid-19 pandemic.

When the pandemic hit early this year, Finance Minister Dr Nigel Clarke adjusted the budget to reflect new projections for tax revenues.

Mr Duncan says already we have surpassed that amount projected.

He says there’s also a good chance of hitting the negative five point three percent growth targeted for this year.

Mr Duncan says the collection of pay as you earn, or PAYE taxes, is also performing well, which means a lot of people still have jobs.

Mr Duncan is however demanding tougher measures and sanctions for those who breach the anti-Covid -19 measures.