President of the Private Sector Organization of Jamaica, PSOJ, Keith Duncan’s lauding the Finance Minister’s COVID-19 stimulus package.
The Minister announced a raft of measures to help jump start the country’s economic engine amid the pandemic during his closing of the budget debates yesterday.
Mr Duncan says the areas that’ve been worst affected have been single out for support.
Keith Duncan, President of the PSOJ.
And Acting Principal Director in the Economic Management Division of the Ministry of Finance & Public Service, Trevor Anderson says the stimulus is needed to keep the economy alive until the virus passes.
He says the focus is on the workers who’ll be worst affected by the fall-outs from the virus.
Trevor Anderson, Acting Principal Director in the Economic Management Division of the Ministry of Finance & Public Service.
They were speaking last evening on Nationwide@5 with Cliff Hughes and Tyrone Reid.
Yesterday Finance Minister, Dr Nigel Clarke proposed a cash transfer for hotel workers who’ve lost their jobs due to the coronavirus threat.
Workers who fall into this category could earn 9 thousand dollars per fortnight to be paid monthly during the crisis.
both Mr Anderson and Mr Duncan agree that had the country’s debt to GDP ratio been higher than 100% the government would’ve been in a precarious position with COVID-19.
Mr Duncan admits things would be worse.
Deputy President of the Jamaica Manufacturers and Exporters’ Association, JMEA, David Martin, says the government will have to be careful with its post COVID-19 expenditure decisions.
In the meantime…he says local manufacturers are beginning to secure supplies from China again.
David Martin, Deputy President of the Jamaica Manufacturers and Exporters’ Association.
He was speaking on Nationwide this morning.