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March 14, 2017

GST untouched; Gas, liquor and imports to increase

Posted: Tuesday, March 14, 2017. 2:01 p.m. CST.

 

By BBN Staff: Yesterday, Prime Minister Dean Barrow made his budget presentation at the House of Representatives and among all the sophisticated expressions was the fact that fuel and cement prices will increase.

Barrow said that GST, however, will not be increased as many had feared it would because his administration champions the pro-poor and pro-people cause.

As a part of Superbond renegotiation, GOB has prepared a fiscal adjustment plan that is expected to yield an additional $80 million in revenue.

The adjustment of excise duties levied on aerated water, beer, stout, cement and fuel is just one of the ways GOB plans to collect revenue in the coming year.

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