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Chartered accountant, Dennis Chung, says there are credible plans to increase economic growth among the 21 initiatives announced by Finance Minister Fayval Williams.
He was reacting to the minister’s maiden budget presentation in the House of Representatives on Tuesday.
Among the initiatives is a phased increase of the income tax threshold. The finance minister also announced the creation of a Micro Market for the Jamaica Stock Exchange.
Additionally, the government says it plans to lower general consumption tax on electricity from 15 to 7 per cent for residential customers, and subsidise first-time prepaid customers of the Jamaica Public Service Company.
Chung described the incentives as “excellent”.
Dennis Chung, chartered accountant. He was speaking during Nationwide at Five on Tuesday.
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