The Government yesterday announced new tax-reduction measures in the House of Representatives expected to cost the Administration $18 billion in 2020/21.

Minister of Finance and the Public Service Dr Nigel Clarke, who made the announcement as he opened the 2020/21 Budget Debate, said the budget is strategically focused on moving forward, in the right direction, consistently, and where the fruits of collective effort are shared.

He said the measures support the 2019-2020 tax reform that saw reduction in tax rates, and the elimination of some tax types considered distortionary.

The $18-billion in tax reduction is a $4-billion improvement on the $14 billion in tax cuts the Government implemented in the last financial year.

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