The government’s policy aimed at transitioning Jamaica towards robust and inclusive economic growth, has been met with mixed reactions. 

Prime Minister Andrew Holness outlined the economic policy statement, last evening. 

He explained that the Aspire Jamaica framework has six pillars: access to economic opportunity for all, safety and security, people, infrastructure development, reform of the bureaucracy, and economic diversification/new industries.

The Prime Minister noted that key imperatives under the policy include revamping tax credits to attract private investments in underserved areas; establishing a national infrastructure fund for public-private partnership projects; and incentivising businesses to modernize facilities and adopt advanced technologies.

Other initiatives aim to reward service excellence in hospitality and service sectors and consolidate payroll taxes.

When probed by Irie F M News for a reaction to Mr. Holness’ policy statement, Opposition spokesperson on Finance Julian Robinson described it as a reiteration of commitments previously made but not implemented. 

He also notes  that this announcement was made  ahead of  the General Election expected next year. 

Mr. Robinson said he believes the Prime Minister’s announcement is a time-buying strategy. 

However, President of the Jamaica Employers’ Federation (JEF) Wayne Chen has commended the government for formulating the Aspire programme. 

Mr. Chen said he believes it will concretize the nation’s gains regarding its fiscal strategy. 

He added that Aspire Jamaica aligns perfectly with JEF’s mandate of securing industrial harmony and providing employers with the tools, knowledge, and solutions needed to succeed in today’s global business environment.

He also stressed the importance of social dialogue, as well as policy consensus and continuity as the nation moves forward under the economic growth agenda.