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Finance Minister Fayval Williams and Opposition Leader Mark Golding
Finance Minister Fayval Williams claims the proposals set out by the Opposition if they were to form the next government would result in what she terms "FINSAC 2.0"
The Financial Sector Adjustment Company was set up by the then PNP administration to deal with the fall out from the economic meltdown of the 1990's during which several businesses folded.
During their contributions to the budget debate the Opposition Leader Mark Golding and his spokesman on Finance Julian Robinson promised a slew of measures as a means of growing the economy.
In closing the Budget Debate on Tuesday, the Finance Minister declared that if implemented the promises made by the Opposition would lead to another financial crisis.
For his part, Opposition Leader Mark Golding Opposition Leader Mark Golding, rising on a Point of Order during the Finance Minister's presentation, accused her of misleading the House during her recap of the policy proposals of the People's National Party.
Among other things, the Minister sharply criticised the Opposition's promises of a waiver of Corporate Income Tax for new MSMEs for three years, phasing out of the Asset Tax on banks over five years and one meal per day initiative for every needy child.
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