THE RIGHT MEDICINE.
That’s the verdict of economist Professor Michael Howard who described the 2016 Budget as “a good budget in the context of a small consumption driven economy undergoing fiscal stress”.
Howard, a retired senior lecturer at the Cave Hill campus, University of the West Indies (UWI) says the Budget delivered by Minister of Finance Chris Sinckler is an attempt at the very difficult task “of stabilising the foreign reserves and public spending, raising revenue, preserving access to social services and growing the economy at the same time.”
He said the imposition of a National Responsibility Levy is the most important fiscal measure to deal with the continuing challenging fiscal deficit and the high cost of the public health sector.
Please read the full story in today’s Sunday Sun, or in the eNATION edition.
