CONCERNS have been raised about the permanence of the funding source for the $25 billion in tax cuts announced by Finance Minister Dr Nigel Clarke on Tuesday. The concerns were raised due to Clarke indicating that the tax cuts will be financed out of $45 billion in receivables the Government is planning to sell on the capital markets.

“As the sale of receivables is presumably a one-off transaction, further funding will be required for subsequent years if the new revenue measures are to be maintained beyond 2024/25,” PricewaterhouseCoopers (PwC) said in a newsletter on Wednesday to its clients following Clarke’s presentation.

https://www.jamaicaobserver.com/2024/03/15/tax-cut-bluesconcerns-raised-permanence-financing-25-billion-revenue-measures/