Finance minister K.N.Choksy P.C presenting the maiden Budget of the U.N.F government in Parliament, yesterday.

Budget aims economic resurgence

Banking on a possible Rs. 1000 million reduction in the defence expenditure with the cessation of hostilities and the enthusiasm shown by the private sector and foreign investors over the prospects of peace, the UNF government in its maiden budget has given far reaching relief to the corporate sector, small and medium entrepreneurs and the ordinary man.
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Cheaper hard liquor, beer

The price of hard liquor and beer will be reduced following the Government's decision to lift certain Excise taxes. Full story

Amnesty for tax evaders to join tax system

The Government in its maiden Budget yesterday laid down four devices by which it seeks to absorb money not declared for tax purposes into the formal economy.
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