Economy to grow by 4,5% in 2018
Revenue to reach $5,071 billion
Expenditure projected at $5,743 billion
Deficit to narrow to $672m in 2018 from $1,7 billion in 2017
Wage bill to chew $4,5 billion of the 2018 budget
Capital expenditure projected at $1,2 billion
Budget proposed to exempt registered buyers of tobacco from the requirement to withhold the 10% tax with effect from 1 January 2018.
Budget proposes to review the VAT withholding rate to 5% from 10% to 5% of the value of taxable supplies, with effect from 1 January 2018 for VAT registered operators.
To cut travel expenses and embassies –newsday