HomeNews2011 Mid-year Budget Review Highlights

2011 Mid-year Budget Review Highlights

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Revenue performance to date shows $65 milllion half-year shortfall.
•No revenues from diamonds for the first six months
•Government to set up an Insurance & Pensions Sector Housing
Fund.
•Multiple currency system to continue
•Proposes to reintroduce duty and tax on basic commodities
•Introduces tax rebates on capital goods
•Proposes to extend the suspension of duty on motor vehicles imported by the physically challenged persons to light commercial vehicles in order to support the economic participation of the vulnerable members of society.
•Sets up $15 million fund for Small and Medium Enterprises

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