FINANCE Minister Dr Nigel Clarke has refuted claims that the Government will collect $99 billion more in revenues, as a result of the high inflationary environment, in the next fiscal year which begins next week.

Clarke was responding to claims made by Opposition spokesman on finance, Julian Robinson during his contribution to the budget debate in Parliament.

 

The finance minister stated that, “The only thing that provides a windfall is real economic growth.” He stressed that, “If inflation caused a windfall then we wouldn’t have had a fiscal challenge in the 1990s and 2000s, we would just depend on the windfall.”

 

At the same time, he argued that the Opposition spokesman’s argument was lopsided.

https://www.jamaicaobserver.com/news/fallacious-impressions_247016