Minority label 2017 budget as '419 budget'

Minority label 2017 budget as '419 budget'

The Minority caucus in parliament have branded the 2017 budget of the Akufo-Addo administration as a '419 budget.'

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According to a Class FM report, while the finance minister, Ken Offori-Atta was reading the budget, some members of the minority began chanting '419 budget' and waved printed posters with their chant typed on them.

Minority brand 2017 budget as '419 budget'

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Their chorus began when the finance minister was outlining some 'nuisance taxes' that the government has planned to scrap.

Meanwhile, government is set to reduce the special petroleum tax rate from 17.5% to 15% while also scrapping the excise duty on petroleum products.

The finance minister also outlined 7 major taxes that will no longer be enforced and they are:

1. The 1% special import levy

2. The 17.5% VAT on financial services

3. The 17.5% VAT on selected imported medicines not produced locally

4. The 17.5% VAT on domestic airline tickets

5. The 5% VAT on real estate sales

6. Duty on importation of spare parts

7. Kayayei market toll

READ ALSO: Popular Kumawood actress names her new baby after Nana Akufo-Addo

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Source: Yen.com.gh

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