The Micro, Small and Medium Sized Enterprise, MSME Alliance, says the budget for the next fiscal year, brings hope to small businesses.
Finance Minister Dr. Nigel Clarke yesterday gave details about the government’s plans to spend just over $831 billion for the upcoming fiscal year.
He also outlined plans for the Social and Economic Recovery and Vaccination, SERV Jamaica programme, valued at $60-billion.
Minister Clarke says the program will include improving roads and infrastructure, vaccinating 2-million Jamaicans, and helping small businesses affected by the pandemic.
President of the MSME Alliance, Donovan Wignall, says the budget outlined is a smart one.
Mr Wignall says he is prepared trusts the Finance Minister’s good track record.
According to Wignal while some larger businesses can bounce back from the COVID 19 crisis, small businesses are not able to withstand the shock.
It’s why he’s calling on the government to waive interests and taxes on debts owed by small businesses affected by the pandemic.
Mark Wignall, President of the Micro, Small and Medium Sized Enterprise, MSME Alliance.