Golding Rejects Allegation PNP’s Promises Would Cause Financial Crisis

Opposition Leader Mark Golding is rejecting suggestions that the party’s proposals would cause a financial meltdown.

Mr. Golding says his proposals for the next PNP administration would cost the country roughly $34 billion annually and fall within the country’s existing fiscal rules.

He’s responding to claims by Finance Minister, Fayval Williams, that the PNP’s implied budget would trigger what she says is FINSAC 2.0.

Chevon Campbell tells us more.

On Tuesday, Finance Minister, Fayval Williams, rejected the Opposition’s promises as economically unsound.

However, at a PNP press conference on Wednesday, Mark Golding says nothing could be further from the truth.

As to the cost, Mr. Golding puts the PNP’s proposals at roughly 23-billion dollars per year.

This will be in addition to ending the annual 11-billion dollar drawdown from the National Housing Trust.

Mr. Golding also says the PNP’s programme of work will be funded by the natural growth in revenues projected by the country’s fiscal policy paper over the next four years.

This will be joined by a carefully curated change in priorities among the three-hundred-and-60-billion dollar discretionary portion of the budget.

Mr. Golding is calling on the Jamaican people to see reason.

He believes his proposed measures will not only be beneficial but pay for themselves.