Budget report
The finance minister presented the government’s budget proposal on Monday. Here are some of my random thoughts on the budget. Pay increase. Last year’s pay hike for public servants cost the government Nu 380 million. PIT increase. The government made an extra Nu 247 million in personal income taxes last year, mainly because of the pay hike. Tax refund. The government collected Nu 28 million by increasing vehicle taxes unlawfully last year. At the Supreme Court’s orders, the government has refunded that money to the taxpayers. Government expenditure. The government’s expenditure for this financial year is budgeted at Nu…