Stabroek News: "The state raked in a total of $36.7 billion in the Value Added Tax (VAT) and Excise Tax in 2007 in the first year of their implementation - way above projections - paving the way for a budget nearly 20% higher than last year's.
Minister of Finance Dr Ashni Singh yesterday gave the figures in the National Assembly while making his presentation of the 2008 National Budget in the amount of $119.3 billion, which he said was 8.5 per cent more than the 2007 latest estimate and 19.3 per cent higher than the 2007 budget."
Minister of Finance Dr Ashni Singh yesterday gave the figures in the National Assembly while making his presentation of the 2008 National Budget in the amount of $119.3 billion, which he said was 8.5 per cent more than the 2007 latest estimate and 19.3 per cent higher than the 2007 budget."
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