- $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
Wednesday, December 2, 2020
