This is because the budget imposes a number of new taxes that will primarily affect households with low to moderate incomes. It is reasonable for many economists to think that the government will not be able to meet its tax collection goal. The budget has raised direct tax revenue by 48% without really broadening the current tax base. The policies enacted have been in direct opposition to the promises made by the finance minister and prime minister. The government is merely making sure that the gap between itself and the people never gets any smaller by putting the middle classes under the greatest amount of taxes and levies without making any cuts to its own spending.

Source: The Patriot July 01, 2024 04:27 UTC