Stay informed with TalkUpEditingsDem, your ultimate source for breaking news, trending stories, and in-depth articles. Discover a diverse range of topics, from technology and entertainment to politics and lifestyle, all curated to keep you ahead in the know. Engaging, reliable, and up-to-the-minute updates are at your fingertips. Join our community of informed readers today!
Home » Robinson Supports Suggestion to Use Gas Hedge to Facilitate Rising Fuel Costs
Robinson Supports Suggestion to Use Gas Hedge to Facilitate Rising Fuel Costs
Thank you for reading this post. Don't forget to subscribe!
Opposition Spokesman on Finance, Julian Robinson, is defending his proposal to redirect revenues from the gas hedge towards providing financial relief for Jamaicans who are unable to absorb the high cost of fuel.
Mr. Robinson made the call while making his contribution to the 2022/23 Budget Debate yesterday.
Some financial analysts have raised concerns that such a move would leave the government with a potential revenue shortfall.
The Opposition Spokesman says any fall off can be addressed by what he says is the otherwise overperforming tax revenues.
The Opposition Spokesman estimates that the government is collecting more than $6 billion from the hedge.
Mr. Robinson says the government surplus is being generated as a result of additional taxes being bourne by a wide cross-section of the country.
He says this is causing citizens to struggle. Robinson believes his proposal would assist consumers in maintaining their purchasing power.
Julian Robinson, Opposition Spokesman on Finance.
He was speaking on TalkUpDiTingsDem This Morning with Ricardo Brooks and Wayne Walker.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Hello Do you need more information about this post ?
TalkUpDiTingsDem News Opt-In Consent Form
Thank you for choosing to stay connected with TalkItUp News Chat. By providing your consent, you agree to receive communication from us. Please take a moment to read the following information carefully before providing your consent.