By Jomo Paul
[www.inewsguyana.com] – Finance Minister Winston Jordan says that the APNU+AFC administration will not be making any changes to Guyana’s tax regime in its present state, when the Fiscal Budget for 2015 is presented to parliament on Monday, August 10.
Jordan made the statement while answering questions from reporters on Friday August 07, about possible increase of taxes to some items and decrease on others.
According to Jordan, any changes to the tax regime will be made when the 2016 Budget is presented to the National Assembly.
When asked how the current government intends to Finance the budget which should include a slew of increases for public servants among other projects, Jordan made it clear that whatever revenue is earned is sufficient to do so.
“Any Minister of Finance or budgeter will have had to assure himself of the sources of funding before he makes commitments on the expenditure side,” said Jordan.
He also explained that there will be somewhat a “refocusing of energies” at the Guyana Revenue Authority (GRA) to go after tax evaders and ensure that the optimal taxes are collected.
“We are going to make some serious efforts at tax administration; strengthening and enforcement,” said Minister Jordan.