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Fiscal Commissioner Courtney Williams
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Prince Moore reports
Amid mounting calls for the Independent Fiscal Commission (IFC) to weigh in on the feasibility of the economic proposals of the People's National Party and the Jamaica Labour Party, the Fiscal Commissioner has sought to clarify that it must exclusively focus on policies implemented or proposed by the government.
The clarification comes as the Jamaica Labour Party (JLP) is promising to gradually cut the income tax rate to 15%, while the People's National Party (PNP) wants to increase the income tax threshold to $3.5 million.
Financial commentator David Wan had called for the Fiscal Commissioner to weigh in on the credibility of the two proposals.
The Independent Fiscal Commission is a nonpartisan fiscal oversight body tasked with monitoring, assessing and reporting on the government's compliance with fiscal rules.
Fiscal Commissioner Courtney H. Williams says the IFC is established to promote sound fiscal policy and fiscal management by providing the public with an informed and independent opinion on the soundness and sustainability of the country's fiscal position and policy within the boundaries of the law.
The IFC Act restricts the Fiscal Commissioner from considering or evaluating any alternative policies.
The Commissioner says, as mandated by law, it will submit its latest statement on fiscal performance report on the country's recent fiscal performance for fiscal year 2024-2025 and period April-June 2025 to the Houses of Parliament and published to its website in September.
Through independent analysis and public reporting, the Commission is critical in promoting transparency, social discipline and accountability in public financial management.
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