No new taxes to fund PNP’s WEALTHY plan, says Mark Golding
Mark Golding (File photo)
People’s National Party (PNP) Spokesman on Finance, Mark Golding, has stated that the party will not impose new taxes to fund its development plan for Jamaicans if it forms the Government after the September 3 General Elections.
The initiatives are to be pursued under the party’s water, employment, access, land ownership, technology, housing and youth (WEALTHY) plan.
The plan is to, among other things, deposit $4,000 into the electricity and water residential accounts of some 360,000 families across the island, provide home improvement grants in the amount of $400,000 for some 10,000 low-income families annually, deliver land titles to the landless, and focus on major impact programmes for the youth.
Speaking during a virtual press conference on Thursday, Golding said the plan will be funded from discretionary budget allocations that are already available in the nation’s fiscal space.
He said a PNP government is also committed to providing 100,000 jobs in five years across existing and new industries, such as in technology, agriculture, construction and global outsourcing services.
Golding said the PNP will also establish an unemployment insurance plan, which is to provide coverage for Jamaicans displaced by natural disasters, including a pandemic.
He said there will be a reform of the labour market to create greater efficiency for the modernisation of the economy, as well as to provide financial injection measures to assist the nation’s youth.
This, Golding argued, will see the introduction of far-reaching training programmes in construction, entrepreneurship and other disciplines for both the local and overseas markets.