Finance Minister, Audley Shaw, says the country should not necessarily expect a $16-billion tax package in the next fiscal year.
The government needs to find approximately $16-billion in additional revenue to fund phase two of its $1.5-million tax break.
The Finance Minister is again assuring taxpayers that phase two of the $1.5-million tax break will be implemented on April one, as promised.
Mr. Shaw says the tax package may be less than $16-billion.
Minister Shaw was speaking this morning on Cliff Hughes Online at the Jamaica Customs Agency.
He says Cabinet will go into retreat this Thursday to begin crafting the 2017/2018 budget which is to be tabled in February.
And, the Finance Minister says Jamaicans who aren’t PAYE employees also stand to benefit from the tax break.