2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 99

to some $300 million in order to enhance prospects
for more buoyant growth of the economy;
Ø Eighth, the impact of the various revenue measures
in this Budget;
Ø Ninth, the pending requirement to implement
important reductions in Customs duties which are
critical to the eventual elimination of the distortions
in our economy and necessary for the accession to
the WTO, which is targeted for December 2019;
Ø Tenth, the need to engage the Unions and key
stakeholders in a discussion of the issue of pension
reform, given its potential future fiscal impact; one
estimate suggests that accrued Government pension
liabilities could exceed $3.5 billion in the next dozen
years; and
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