Tax revenues surpass budget by 4%, finance minister says

Friday, September 14, 2018

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KINGSTON, Jamaica — Minister of Finance and the Public Service Dr Nigel Clarke today announced that tax revenues for the first four months of the 2018/19 financial year are ahead of budget by approximately four per cent.

Dr Clarke was speaking at the Tax Audit and Revenue Administration Post Graduate Diploma Programme graduation ceremony held at the Knutsford Court Hotel in Kingston.

Dr Clarke noted that investments in the transformation of Jamaica's tax administrative services are bearing fruit in an environment where the economic fundamentals are moving in the right direction, a release from the finance ministry stated this afternoon.

“There is a sense that the practice of increasing taxes each year could mask or hide inefficiencies. The fact that there were no new taxes this year, and for the first four months of the year, tax revenues are four per cent ahead of budget, is very, very significant. And ladies and gentlemen, who work within the Tax Administrative System, have everything to be proud of,” Dr Clarke was quoted as saying.

The minister contended that as the Government continues Public Sector Transformation, the public sector employees have a crucial role to play in embodying the ideals of the preferred Jamaican state.

“In that moment when you are interacting with members of the Jamaican public, you are the embodiment and personification of the Jamaican state. And since that is who you are in that moment, it is crucial that you internalise, you become, and you project the deepest ideals of Jamaica in your interaction. In the way in which you relate to members of the public, you become who you want Jamaica to be. You are the embodiment of a wise Jamaica, of an efficient Jamaica, of a compassionate Jamaica, and of a just Jamaica” the minister told the graduands.

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