The PNP said the JLP’s desperate attempt at fear mongering, designed to mislead the public with baseless accusations
About fiscal irresponsibility, is nothing more than political scare tactics.
In a statement last evening, Opposition Spokesman on Finance Julian Robinson emphasised that the PNP’s proposals are carefully costed and fiscally sustainable.
Robinson noted that the plans will be implemented within the fiscal rules which the PNP strengthened in 2014 when the party was last in Government.
He said the PNP remains committed to fiscal discipline, debt reduction, and prudent management of public resources.
Robinson explained that funding for the Party’s manifesto proposals will come via various means.
These include, re-adjustment of programme expenditure, that is, re-allocating within the $360 billion provided annually for programmes.
The party will re-prioritise spending to channel resources to initiatives that deliver the greatest benefits to the Jamaican people.
Another is, through natural growth in Government revenues, that is, as projected in the Government’s own fiscal policy paper, nominal GDP growth will yield approximately one hundred and $40 billion in additional revenues over the next three years, averaging about $46.78 billion, per year.
Additionally, the third method will be by cutting waste and streamlining Government, that is, reducing inefficiencies, consolidating functions, and ensuring that every tax dollar is spent effectively and transparently.
...
This roundup of claims has been compiled by Full Fact, the UK’s largest fact checking charity working to find, expose and counter the harms of bad information. The AI overviews of searches with Go...