SATURDAY 13 th February, 2021
’ No. 106271
$383.1B Budget –– charts way for economic recovery, 03 outlines plans to sustain growth PAGE
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh
Budget measures * Old-age pension increased to $25,000 * Restoring of zero-rated status to basic food items and household necessities * Reduction of water tariffs by five per cent * Zero-rating certain construction materials * Increasing loan ceiling on low-income mortgage from $10M to $12M/$15M * Removal of VAT on data for residential and individual use * Removal of duty on ATVs for use in the hinterland * $15,000 “Because We Care” cash grant per child
Budget reflects 04 input of small parties PAGE
Leader of the Liberty and Justice Party (LJP), Lenox Shuman
* Increasing public assistance to $12,000
Economy to grow 20.9 per cent
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