On March 17th I wrote that the new Administration in Kingston should have a comprehensive Audit of each ministry and release it’s findings as quickly as possible. It’s important that the true state of the Jamaican economy be made known as quickly as possible , because the longer it takes to do so the less credible it’s report will be and the administration will invariable own the PNP’s foul-ups.
NEW GOVERNMENT BETTER TELL THE JAMAICAN PEOPLE THE TRUE STATE OF AFFAIRS AND QUICK…
At the time I wrote the Article it was a full 20 – 21 days after the Elections of February 25th. Today more than a full month after the elections the Jamaica Observer reports that the Administration is now saying that the outgoing PNP administration used up funds earmarked to finance $1.5‑m tax break promised by the JLP during the campaign.
In that article I cautioned the new administration to quickly tell the nation whether allegations that outgoing members of government had gone on a spending spree was correct. I also asked that the new administration tell the nation whether any laws were broken.
Minister of Finance and Public Service, Audley Shaw, a short while ago disclosed that funds that should have been set aside from the existing gas tax have already been used up in the consolidated funds under the previous People’s National Party (PNP) administration. The Jamaica Labour Party (JLP), in making its election promise to implement a threshold of $1.5 million for Pay as You Earn (PAYE) contributors planned on using an estimated $9.5 billion from the gas tax to assist in funding the expected $12.5 billion that the tax plan would cost the country. The disclosure means that the Government has to institute other plans to fund the loss from the reallocation of revenue from the existing gas tax. Shaw is however reassuring the country of the Government’s commitment to providing the proposed tax break to employees. He was speaking at the Private Sector Organisation of Jamaica (PSOJ) President’s Forum this morning. Shaw said the Government will present new plans to address the issue in the upcoming budget debate.PNP used up funds earmarked to finance $1.5‑m tax break – Shaw
Did it take a full month for the new Government to find this information out?
Does the Administration believe this will be an explanation which will hold off the tide of expectations it created with this campaign promise?
I hope for the party’s sake that the minister do have a better plan to fund this promise over and beyond that statement that it will present a plan in the upcoming budget.
Even if those funds were earmarked mentally by the JLP while in opposition and the monies were spent by the losing administration it certainly could not have been a one-off funding source. Secondly there is no laws which makes it a crime to spend monies on allocations and projects during lame-duck status.
With that in mind the administration and the minister would be best advised to find the money forthwith to offset those savings for the people who qualify for them.
Explanations no matter how credible will not cut it. The people will have none of it.
This one promise is one the government cannot renege on. If it does on this particular promise the time spent in oblivion will be a cake-walk when compared to where it will find itself in the future. It will be generations before it gets a chance to enter Jamaica house, if ever again.