Finance Minister, Colm Imbert announced yesterday in Parliament that the Government’s mid-year review will be done on Friday April 8 of this year.
Minister Imbert made the announcement while replying to a motion by Opposition MP Suruj Rambachan who sought annulment of government’s 12.5 per cent VAT implementation.
He said that following wide consultations over the upcoming six months—the Government would make appropriate adjustments to the 2016 Budget in the March 2016 mid-year review, to ensure the Budget is a comprehensive regime for restoring long-term discipline.”
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Minister Imbert went on to say the$63 billion Budget included a number of measures that have already been implemented, to deal with revenue and expenditure expenses.
The Finance Minister said the previous Government implemented several taxes which never bore any fruit.
Finance Minister, Colm Imbert.