Gov’t foregoes billions in taxes, offers subsidies to keep prices stable – VP Jagdeo
Vice President Dr. Bharrat Jagdeo, at a press on Thursday, highlighted what he said was the government’s substantial intervention to mitigate the impact of global economic pressures on local fuel prices. Jagdeo detailed that the government has forgone approximately $80 billion in taxes by eliminating a 50 per cent excise tax on diesel and gasoline.
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