Sunday, May 31, 2020
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Bitter pill

Deputy Prime Minister and Minister of Finance Peter Turnquest revealed yesterday that value-added tax (VAT) will increase from 7.5 percent to 12 percent effective July 1. The increase in VAT is expected to bring in an additional $400 million in new revenue. In his 2018/2019 budget communication, Turnquest

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Govt to borrow $187 mil.

The government yesterday brought a resolution to the House of Assembly to borrow $187 million in the coming fiscal year. Government debt is forecasted to increase from $7.1 billion to $7.3 billion. The government borrowed $1.4 billion in 2017/2018. The GFS deficit for 2017/2018 is projected to be

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