𝙿.𝙰.𝙲 𝚄𝙿𝙳𝙰𝚃𝙴 - 𝙿𝙰𝚁𝙻𝙸𝙰𝙼𝙴𝙽𝚃
MP John Dean Kuku has questioned the Ministry of Finance on its strategies if it fails to meet ambitious 2025 budget targets. While the government predicts a 3% GDP growth for 2025, this optimism clashes with more cautious forecasts from the Central Bank and IMF.
During the PAC hearing, concerns were also raised about tax exemptions. PAC Chairman Gordon Darcy Lilo questioned why hardware shops are receiving exemptions meant for tourism-related activities, but the Ministry of Finance could not provide a detailed list of exempted companies.
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