- The General Sales Tax was extended to the retail and wholesale stages, introducing Phases II and III of the Sales Tax.
- The Ministry of Finance is currently proceeding with reforms in income taxation, customs tariff and administration.
The reduction in government borrowing provides a scope for recovery in private credit growth and hence investment and growth during 2002. This should help further control the budget deficit over the medium term despite the economic slowdown in 1999/2000 and 2000/2001.
|
