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Al-Jadaan said the government had not reduced spending and the budget set out last year would be maintained, but some funds would be reallocated to health care and away from projects delayed by anti-pandemic measures. “So from that point of view, we are not taking austerity measures,” he said.
The minister told a Bloomberg online seminar that the recent tripling of VAT to 15 per cent was part of a strategy to assess all fiscal options, and that much of the increased revenue would be directed “to provide better services to the people.
Read more: https://arab.news/c9qba
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