Mid-term budget review highlights

0
80
  • $800 million budget surplus
  • No supplementary budget
  • $58,6 billion revenue collection
  • forecast
  • US$1,2 billion current account
  • surplus projection
  • -4,5% GDP growth projection
  • 300% in ation decline forecast
  • Minimum tax threshold increase
  • to $5 000 from $2 000 per month
  • Adjustment to the tax bands to
  • begin at $5 001 and end at $100 000
  • above which the highest marginal
  • rate of 40% will apply e ective August
  • 1, 2020
  • 2% tax extended to foreign currency
  • transactions above US$5
  • -10,8% forecast on manufacturing
  • sector in 2020
  • -4,1% slowdown for the mining
  • sector in 2020

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