FG Says No Plans To Increase Value Added Tax
The federal government has been explaining how it will fund the 2017 budget at a session in Abuja.
According to the Minister of Budget and National Planning, Senator Udo Udoma, 11% of government’s projected revenue will come from recoveries of looted funds, which stands at 258 billion.
He said that there are no plans of increasing the value-added tax which is currently at 5%.
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