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THE
GOVERNMENT SAYS
GCT
UP
* Rate climbs to
16.5%
* Income tax ceiling rises
CONSUMERS, GAMBLERS
and smokers will have to dig deeper into their pockets this year to help
the Government keep its promise of balancing the budget.
Minister of Finance
and Planning, Dr. Omar Davies, yesterday presented a tax plan to Parliament,
intended to produce an extra $9.4 billion in revenue to plug the hole
in this year's $347.2 billion spending plan. more
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OPPOSITION
SAYS
Poor to
pay more
OPPOSITION SPOKESMAN
on Finance, Audley Shaw, is not impressed with Government's plans for
financing the 2005/2006 Budget.
Speaking to The Gleaner
shortly after Minister of Finance and Planning, Dr. Omar Davies, opened
the Budget debate in the House of Representatives yesterday, Mr. Shaw
admitted that some assistance has been provided to the most economically
vulnerable through the raising of the income tax threshold
but argued that the same assistance has been negated by tax increases.
more
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