https://www.taxtmi.com/news?id=37182 Increase in consumption tax is proposed to finance expanded public expenditures and to replace curtailed foreign assistance. The national budget proposes a staged rise in VAT to fund additional allocations for health, education, transportation and security, including ringfenced funds for military capacity and earmarked financing to hire new medical personnel. Parliamentary committees must debate and the legislature must vote to adopt the budget before ministries may use allocated funds. en-us Thu, 13 Mar 2025 01:01:02 +0530 Thu, 13 Mar 2025 01:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=37182 Increase in consumption tax is proposed to finance expanded public expenditures and to replace curtailed foreign assistance. The national budget proposes a staged rise in VAT to fund additional allocations for health, education, transportation and security, including ringfenced funds for military capacity and earmarked financing to hire new medical personnel. Parliamentary committees must debate and the legislature must vote to adopt the budget before ministries may use allocated funds. News - Thu, 13 Mar 2025 01:01:02 +0530 https://www.taxtmi.com/news?id=37182