2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 94

you are in the car import and sales business, that you get a business license and join the sector formally. This protects your prospective customers and permits the Government to have a full accounting of the sector. VII. FISCAL PROSPECTS IN 2018/19 AND BEYOND The 2018/19 Fiscal Year In developing an assessment of fiscal prospects for the 2018/19 fiscal year and beyond, a number of critical factors must be taken into account. Ø First, the urgent need to pay off the more than $360 million in arrears to which I referred earlier and which we plan to clear as follows: $172 million in 2018/19; $106 million in 2019/20; $75 million in 2020/21; and a small balance thereafter. A summary 91