President of the Private Sector Organisation of Jamaica and Chairman of the Economic Programme Oversight Committee, Keith Duncan, is welcoming news of the over performance of government revenues for the April to July period.
Mr. Duncan says this news augurs well for the country’s economic recovery.
However, he says he’s concerned that during a time of significant socio-economic impact that the country still managed to under spend by more than $7 billion.
Finance Minister Dr. Nigel Clarke, has stated the government’s intention to utilize the surplus in order to further facilitate the health sector and assist the most vulnerable.
Mr. Duncan says as part of the expenditure he hopes to see spending to ease the burden on small and medium sized enterprises and those in the informal sector who’ve suffered greatly from the pandemic.
The PSOJ President also believes it would be a good idea for the government to utilize a portion of the surplus to resume the $10,000 compassionate grant previously offered under its We-Care initiative.
Keith Duncan, President of the Private Sector Organisation of Jamaica.