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Tufton tables resolution for Gov't to outline economic policy
2013-03-11 09:08:00 | (0 Comments)
Opposition Senator Dr Christopher Tufton has tabled a resolution in the Upper House calling for the Government to articulate a clear policy and strategy, on how it plans to respond to external shocks within the context of an agreement with the International Monetary Fund (IMF).
Opposition Senator Dr. Christopher Tufton - file
Noting that Jamaica is prone to external shocks such as natural and man-made causes, Dr Tufton argued that it is unlikely that Jamaica will meet the debt reduction and deficit targets agreed with the IMF.
In giving notice of his motion, he called for the Government to outline a strategy for annual budgetary allocation to deal with anticipated external shocks.
The board of the IMF is set to consider Jamaica's Letter of Intent later this month.
The Government is trying to reduce the country's $1.7 trillion debt, which represents 140 per cent of Gross Domestic Product.
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Source: The Gleaner/Power 106 News
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