Vanuatu Revenue Review report cites Vt 5 billion Govt revenue shortfall

10000 vatu note

The official handover of the Vanuatu Revenue Review final report looking into reform and modernisation, yesterday, has resulted in excellent coverage in last weekend’s media. Those most closely involved are pleased with the work undertaken. From the Report will be drawn conclusions concerning income tax, and the report makes it abundantly clear, as does the Report, that Government Revenue does not meet the billions required of it. Minister Pikioune sees a revenue shortfall presently of Vt 5 billion. Other Government sources put the figure closer to Vt 2 billion. But a shortfall means something surely has to be done.

Finance Minister Pikioune was presented with Read the rest of this entry »