Gov’t registered reduction in tax to GDP. Ministry of Finance to stabilize tax base.

Gov’t registered reduction in tax to GDP. Ministry of Finance to stabilize tax base.

The Ministry of Finance Planning and Economic Development has revealed that nationally there has been a reduction in Tax to GDP, from 12.2% down to 11.14% between the financial year 2019/2020 and financial year 2020/2021 within the same period, 83 local governments failed to collect their projected local revenues for the financial year 2020/2021.

However, to tackle the impacts of the pandemic, government since the financial year 2019/2020 has implemented deliberate measures, which have yielded positive results

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