Tag: sin taxes
The budget will be a balancing act. Reining in spending and raising taxes will usher in a few years of pain – not very heavy pain, but unavoidable pain – and the finance minister will need to find a way to spread it among as many groups as possible without causing anger or resentment.
Tax breaks for low income earners, but an increase in the fuel and road accident levies and in sin taxes. The finance minister pulled off a careful balancing act in a slow economy and an election year, tightening the reins on public spending but laying the foundation for the National Development Plan.