Opposition Leader Mia Mottley yesterday described the Estimates as a “fiction”, charging there was a “worst deficit than contemplated by the medium term fiscal strategy” and an economy “that continues to be smaller”.
Speaking during debate on the Appropriation Bill in the House of Assembly, Mottley accused Minister of Finance Chris Sinckler of coming to the House “without a single word on the repositioning of the tourism sector and the international business sector” – key foreign exchange earning areas.
The Opposition Leader argued that Government’s tax policies were “not working”, charging tax levels were “too high” and individuals and enterprises in the commercial sector were complaining as a result.
Government’s income tax earnings in 2011 were $420 million but had dropped to $361.9 million in 2012, Mottley said.
