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...reported by JIS -
Minister of Finance and the Public Service, Hon. Audley Shaw emphasises a point as he opens the 2010/11 Budget Debate in the House of Representatives, today (April 8), at Gordon House.
INTRODUCTION
Mr. Speaker, the first quarter of this year has been a very busy period for the Ministry of Finance & the Public Service and all the economic agencies under its umbrella. We entered the year navigating uncharted waters as we set about completing negotiations with the IMF while at the same time designing a debt exchange programme that would not rock financial system stability. The hours have been long and tedious, but we have pulled through and have now laid a solid foundation on which to build economic growth and prosperity. It would be remiss of me not to acknowledge the work of the technical staff from the BOJ, FSC, PIOJ, and my own Ministry who have worked tirelessly throughout the last three months.
Mr. Speaker, within 8 days of the new financial year all have managed to present
to the House the preliminary macroeconomic outturn for FY 2009/10 and projections for 2010/11.
Mr. Speaker, in terms of the structure of the presentation the approach will be as follows:
Cont.
http://www.jis.gov.jm/finance_planni...C_SERVICE_.asp
Minister of Finance and the Public Service, Hon. Audley Shaw emphasises a point as he opens the 2010/11 Budget Debate in the House of Representatives, today (April 8), at Gordon House.
INTRODUCTION
Mr. Speaker, the first quarter of this year has been a very busy period for the Ministry of Finance & the Public Service and all the economic agencies under its umbrella. We entered the year navigating uncharted waters as we set about completing negotiations with the IMF while at the same time designing a debt exchange programme that would not rock financial system stability. The hours have been long and tedious, but we have pulled through and have now laid a solid foundation on which to build economic growth and prosperity. It would be remiss of me not to acknowledge the work of the technical staff from the BOJ, FSC, PIOJ, and my own Ministry who have worked tirelessly throughout the last three months.
Mr. Speaker, within 8 days of the new financial year all have managed to present
to the House the preliminary macroeconomic outturn for FY 2009/10 and projections for 2010/11.
Mr. Speaker, in terms of the structure of the presentation the approach will be as follows:
- I will provide an overview of the macroeconomic performance of the country for 2009/10 against the backdrop of the global economy.
- Fiscal Outturn 2009/10 and projections 2010/11.
- Next, the Medium Term Economic Programme (2010/11-2013/14) in the context of the Standby Agreement with the IMF will be reviewed.
- Highlights of the Expenditure Budget for 2010/11 will then be outlined.
- Financing the Budget 2010/11.
- I will speak on specific measures on Tax Administration and Tax Compliance and laying the foundation for growth.
- I will close with a discussion on building the foundation for prosperity.
Cont.
http://www.jis.gov.jm/finance_planni...C_SERVICE_.asp
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