Cecil Kilpin | June 2020: Supplementary Budget

By |2022-01-20T12:23:06+02:00June 26th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

Liduma lidlule!The storm shall pass! The purpose of the supplementary budget is obviously due to the historic nature of this pandemic and economic downturn. A second adjustments budget in October will be tabled together with the Medium‐Term Budget Policy Statement. The Budget Does Two Things:First, it brings an Adjustments Appropriation Bill and a Division of Revenue Amendment Bill to the House. These Bills ask Parliament to approve the response package for COVID‐19.   Second, it lays a path for the direction the president gave us on 21 April to “not merely return our economy to where it was before the Corona virus, but to forge a new economy in a new global reality” This Supplementary Budget sets out a road-map to stabilise debt, by improving spending patterns, and creating a foundation for economic [...]