Massive tax shortfall of $12.4B, Government mulls gas tax

The Government had plans to collect just over $16B from a poor a pauperized Jamaican population and so when it was announced that with only one quarter left in the fiscal year and we had a $12.4b shortfall I was not surprised.

Desperate for cash to meet IMF fiscal target, the government of Jamaica is seeking to add to already burden consumer by seeking to impose additional taxes on fuel, which could see increase prices at the pumps .

With petrol prices already at record high, any further increases will have a ripple effect on the economy, forcing prices upwards as well as inflation and would serve in increase the burden on the consumers.

No doubt this would mean higher electricity rates, higher transportation cost as this would be a cost that MUST be borne by the public.

This PNP administration, which has all the answers three years ago, all but has run out of ideas and the Prime Minister is of the belief that by not talking the problem is going to go away.

I will vehemently  oppose any further tax and gas and is willing to go on the streets of Jamaica to voice my disgust at what is going on in this country.

Here we are giving money away like confetti, while the rest of population is being asked to pay for the largesse of other.

I have had enough of this horse manure.

Flashback

Government Rolls Back Gas Tax

The Jamaican Government has bowed to public pressure by rolling back the gas tax from 15 to 10 per cent.

In a press release just issued , the government said that effective Thursday the ad valorem tax on fuel will be reduced from 15 to 10 per cent.

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