KINGSTON, Jamaica – Jamaicans will hear this afternoon how the billion (US$6.4 billion) budget will be financed for the 2011/2012 financial year.
On April 14, Finance Minister Audley Shaw tabled the spending plans of the Bruce Golding led administration.
But in the midst of all the anticipation, the Government has signalled that a roll back of taxes is not on the cards at this time.
“Every time you do something like that, every time you roll back the gas tax, every time you say you are going to pay public sector workers a little something you create a hole that has to be plugged,” Golding said Wednesday during his monthly radio call in programme Jamaica House Live .
“It’s like you’re in a boat, you have to plug it and you have to plug it with something, you either grab some newspaper and stuff in the hole or you put your heel in it but if you don’t plug it the boat is going to sink.”
In recent weeks there have been calls from the opposition People’s National Party (PNP) for the administration to review tax measures to provide relief to Jamaicans.
On Wednesday, Opposition Leader Portia Simpson-Miller urged the Golding administration to roll back the General Consumption Tax (GCT) on consumer goods. (CMC)