Tax free budget

Finance Minister Larry Howai during a presentation lasting just over two hours, said that the budget was based on a price of a barrel of oil  at US$80 and a gar price of US$2.75 per mm Btu.

 

Tax free budget

Skerrit, who is also Finance Minister, said that budget presented does not include any new taxes or unrealistic promises and that it is based on the theme “Building On the Gains We Have Made”.

But in an immediate response, Opposition Leader Hector John described the fiscal package as “lazy man’s budget” and insisted that “we need to put Dominicans back to work.

“Several programmes that he (Prime Minister Skerrit) promised to deliver during the last fiscal year were repeated in this address,” John said.

The government has allocated the biggest slice of the budget –EC$163.6 million – to its public sector investment programme that Skerrit said would help foster economic growth and is aimed at reducing poverty and creating employment.

He said more than 1,000 new jobs would be created during the fiscal year as a result of  result of several investment initiatives to be undertaken over the next 12 months.

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