Taxes or axe

YOU CAN’T HAVE IT both ways.

That was the message yesterday from Minister of Finance Chris Sinckler to the leadership of the country’s two unions who are threatening to shut down the country with mass demonstrations if Government implements the ten per cent National Social Responsibility Levy (NSRL) on July 1 and two per cent commission of foreign exchange transactions.

Sinckler made it clear that while the administration was trying to maintain as many public sector jobs as possible, something had to give.

He said either $240 million raised by taxes in the form of the NSRL, or there had to be $240 million in cuts made on the expenditure side. (GE)

Please read the full story in today’s Daily Nation, or in the eNATION edition.