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We want long-term resources to avoid repayment and refinancing pressures.” The Minister added that the nation’s tax/GDP was too low, even lower than the African region average and that as such, reforms were underway to streamline the number of taxes, deploy technology and implement policies that would double tax revenue in the next three years His words, “At 10 per cent to GDP, what should I say, it would appear as if some people are not paying their taxes.
“By so doing the two authorities are working hand in hand to bring down inflation and pressure on price stability and stabilising the exchange rate, with the target of bringing down interest rate so that investors can borrow at a more affordable rate and getting the economy going in the right direction again..
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