Financial commentators are predicting that Finance Minister Dr. Nigel Clarke will not announce new taxes when he makes his Budget Presentation in the House of  Representatives this afternoon.

They say with revenues remaining ahead of  target there is no need for tax measures to finance the $J803 billion  budget for the 2019/2020 fiscal year.

Financial commentator Orville Johnson says inflows to the Government’s coffers between April last year and January were $5 billion higher than projection.

“It will be around 9.5 per cent higher than the same time last year, which is much higher than the inflation rate. I have also observed from the figures that the fiscal revenues are ahead of the expenditure. So I am anticipating that there will be no new taxes this year – as the situation was last year,” he said.

Finance Minister Dr. Nigel Clarke, is scheduled to make his maiden budget presentation in Parliament this afternoon when he opens the 2019-2020 Budget debate.

The Finance Minister will then tell the country how the budget of eight hundred and three billion dollars will be financed . The presentation is scheduled to begin at 2pm.

The budget was tabled in the House on February 14.