Phillips, was responding to those who have taken him to task over the timing of the announcement and for not holding consultations.
In a radio interview late Wednesday, Phillips said he made it clear following a Cabinet retreat held in January that revenue measures would be included as part of a deal with the International Monetary Fund (IMF).
“This is the only way we can do this and I have on more than one occasion since then spoken publicly about the prior actions that are going to be needed, including the need for raising the primary surplus. That is to say, it means that we either have to cut expenditures or raise revenue or a combination of both,” he said.
Reprinted from CanaNews