The government is dedicated to enhancing revenue collection with the ultimate goal of attaining a revenue-to-GDP ratio of 25% in five years.
To realize the goal of increasing the revenue to GDP ratio to 25% by 2026/2027 the government is introducing the Revenue Enhancement Unit. This unit will be dedicated to minimizing tax avoidance which is estimated to increase revenue by $200 million in 24 months.
The Revenue Policy Committee, a committee of experts versed in revenue collection and revenue policy, will be constituted to review and provide recommendations regarding leakage, fee adjustments, and other areas of improvement.
The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.
