05302019 NEWS

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VOLUME:116 No.109, MAY 30TH, 2019

OFFICIA

CLASSIFIED TRADER: CARS, CARS, CARS & MORE CARS

By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net DECLARING the Minnis administration’s 2019/2020 Budget a “break from the past”, Finance Minister K Peter Turnquest announced several new duty exemptions and rate reductions worth $28m in government revenue yesterday. The deputy prime minister told the House of Assembly this presentation was proof that the government could budget properly and put an end to guessing games of how officials think revenue should be raised or speculation into how tax dollars should

• Turnquest budget has no major surprises be spent. Mr Turnquest announced that household refrigerators and stoves along with an array of school supplies including pens, pencils, sharpeners, crayons and chart paper will be made duty free among other things. While he did not announce any new tax

categories or a value added tax increase, Mr Turnquest did reveal that government decided to make permanent the VAT zero rating on electricity bills and water bills. Moving forward, it will remain that customers with electricity bills $300 and lower will not incur VAT charges.

• Payrolls slashed as headcounts wrong

The same will apply for those with water bills $50 or lower per billing cycle. “We have set a new precedent for proper budgeting, in that we have now implemented monthly meetings with each government agency to go over their expenditure plans, and ensure that they remain in line with the ceilings set forth for

By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

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the budget year, and that funds are utilised appropriately to advance the key policy initiatives and priorities of this government,” Mr Turnquest told the House as he wrapped up his more than three hour long budget presentation yesterday. “Our in-year reporting also ensures that we remain transparent in

A SURPRISING outburst from the sister of a parliamentarian disrupted the Minnis administration’s Budget communication in the House of Assembly yesterday and led to the suspension of proceedings. Deputy Prime Minister and Minister of Finance Peter Turnquest had just began to table an amendment to value added tax

FONTELLA Chipman-Rolle disrupted the House yesterday. regulations when Fontella Chipman-Rolle, sister of Centreville MP Reece

Chipman, stood in the gallery and threw seven white wrist bands onto the floor of the House of Assembly. She wore a shirt that said “Chipman strong”. “Change the system,” she shouted as police pulled her out of the chamber. “Our land will be returned to us, not by you but by the God we serve.” She said she was standing in protest against politicians who “raped” the Chipman

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MEAL +VAT

• Govt told - don’t get carried away the way in which we both acquire and use public funds, making us accountable to our citizens, as we should be. “Our government has ushered in a new era of sound, transparent and responsible fiscal management, supplemented by a broad spectrum of SEE PAGE THREE

CHIPMAN SISTER’S ASSEMBLY OUTBURST

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• Duty cuts on range of goods and equipment

BUDGET COVERAGE - PAGES 3, 4, 5 & BUSINESS

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Steady as she goes

PETER Turnquest addressing the House of Assembly yesterday. Photo: Shawn Hanna/ Tribune Staff

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RICHARD COULSON

SOME WELCOME CLARITY FROM CABLE BAHAMAS

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