This entry was posted on Wednesday, January 27th, 2021 and is filed under ECONOMIC, ECONOMY, Inflation, Recession.

If the nation wants to achieve double digit GDP growth, the commercial sector of the country needs more incentives and capital. Any kind of tax increase on the internal production, distribution or services will reduce the internal capital of the business community when their target should be to catch up with the inflation. When the inflation needs 5% extra investment but if their capital decreases by 5%, only a few sectors might achieve the target of double digit growth.

Therefore, the finance minister can increase the Budget revenue only through additional taxes on imports and such other external matters.

Filed Under: ECONOMIC, ECONOMY, Inflation, Recession