There will be no taxes in the 2013-2014 national budget to be presented in Parliament later this month.
Prime Minister Skerrit made the announcement just moments ago at a news conference.
“There is a case for new taxes,” Skerrit said in response to a question from the media, “there’s always a case for taxes.”
He said instead of imposing new taxes, the government’s approach is to seek grant and concessionary loans to finance government projects.
Earlier this week the prime minister announced that budget date is July 24.
He indicated that there will be increased spending on the health sector.