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Finance Minister Vishnu Dhanpaul issued a stark warning to the Public Services Association (PSA) over its perceived allegiance to the United National Congress’ (UNC) “Coalition of Interest.”
Speaking at a political meeting in St Joseph on Tuesday night, Dhanpaul said the UNC’s proposed fiscal policies could lead to public sector job losses and long-term economic instability.
He said the backpay and wage bill hike fromthe party’s promise of a ten per cent increase in public sector wages and salaries could cost at least $12 billion. This would be compounded by proposed cuts to revenue streams, including a five per cent reduction in corporation tax, elimination of property tax, adjustments to the VAT base, and repeal of the Revenue Authority Act — measures which could strip the country of nearly $5 billion in income, he said.
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