Prof. Prasad says the measures announced in the budget is a little too late

Prof. Prasad says the measures announced in the budget is a little too late

By Shanil Singh
Friday 25/03/2022
National Federation Party Leader, Professor Biman Prasad

National Federation Party Leader, Professor Biman Prasad says the measures announced in the Revised National Budget is a case of accepting what NFP has been saying for the last several years however it is a little too late.

Prasad says the reduction in VAT on 21 items is designed to cushion the effects of the rising cost of living but the impact of that on the reduction in the price would be very little because the freight cost remains high.

He says the 20 cents per litre fuel tax should never have been imposed and the benefits should have been passed on to the consumers when the prices were going down.

Prasad says the measures that have been put forward to decisively deal with the rising cost of living is too little, too late.

The NFP Leader says apart from the removal of VAT from 21 items and the removal of the 20 cents per litre fuel tax, there is nothing much in this budget.

He says this budget is an attempt to pacify the people because Government knows that the people are angry.

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