2019/20 Budget Communication Final Budget Communication | Page 3

TABLE OF CONTENTS
I NTRODUCTION 3
O VERVIEW OF K EY T HEMES IN THIS BUDGET 5
P ROGRESS ON THE GOVERNMENT ’ S POLICY AGENDA 8
Enhancing Transparency, Accountability, and Responsibility
Strengthening Public Financial Management
Strengthening the Ministry of Finance
Fundamental Transformation of Government Accounting
Public Debt Management Legislation
Transformation of State Owned Enterprises
Revenue Administration Reform
Ease of Doing Business
Promoting the Development of SMSEs 8
11
14
15
16
17
18
20
22
T HE GLOBAL ECONOMY 25
T HE DOMESTIC ECONOMY 28
FISCAL PERFORMANCE IN 2018/19 31
FISCAL MEASURES IN THIS BUDGET 33
Tax Relief Measures
Environmental Protection and Advancement
Strengthening Tax Compliance and Administration
Enhancing the Ease of Doing Business 33
35
35
38
N EW POLICY INITIATIVES IN 2019/20 40
Enhanced Education and Training
Renewable Energy and Solar Power Initiatives
Accession to the World Trade Organization
Addressing Critical Public Infrastructure Needs
Reviewing and Assessing the Adequacy of Current Tax Concessionary Regime 41
41
43
44
45
FISCAL PROSPECTS FOR 2019/20 AND BEYOND 46
CONCLUDING REMARKS 48
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