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General News of Monday, 16 July 2018


Minority holds mid-year budget review today

Minority in parliament will today hold its mid-year Budget review code-named the mid-year Economic performance and projections; minority’s perspective.

This comes ahead of the mid-year budget review to be presented by the Finance Minister in parliament this week.

The round table discussion will have Civil Society Organisations(CSOs), the Trades Union Congress(TUC) and other relevant bodies dialogue on the economic performance in the first half of the year.

Meanwhile there are fears government may increase taxes in its mid-year budget review, despite assurances of shifting focus of Economic Management on taxation to production while in opposition.

Reports say government is likely to increase the Value Added TaX (VAT) from 17.5% to 21% and National Health Insurance Levy(NHIL) in its mid-year budget set to be presented to Parliament on Thursday, July 19, 2018.