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The 45 per cent bracket will rise from $180,000 to $200,000. The minister spoke as one of the discussants of the “Impact of COVID-19 on the Economy particularly on the 2020 and 2021 Budgets” during a live discussion programme- “Radio Link”- monitored on Radio Nigeria’s Capital FM 92.9 at the weekend in Abuja. Pensioners – Aged pensioners will receive two $250 payments, one in December and one in March. The 32.5 per cent bracket will rise from $90,000 to $120,000. Programmes' Performance Overview (2018) An extract of the Programme statements presenting the available performance information in a standardised format for all spending programmes. Nengi has been, The LOVNN group of Big Brother Naija season 5, which comprise Laycon, Ozo, Vee, Neo and Nengi have taken to web-based media to commend one of their, A photo has been sighted of Osita Iheme aka Pawpaw and curvy actress, Luchy Donalds in an undisclosed location which from the appearance of it might. Aged care – Up to 23,000 extra home-care packages will be funded at cost of $1.6 billion for elderly Australians to receive care at their homes. It was to move resources to areas that would give us more impact such as health, agriculture, works and maintenance of our highways, job creation for our youths and women, artisanal miners, support for MSMEs, providing bailouts to critical sectors of the economy, among others.”, He explained that contrary to claims in some quarters that the revision of the 2020 budget had resulted in massive reductions in budgetary allocations, “we have actually put in a lot more funds into the budget than in the original budget; hence we are talking about stimulus.”, According to him, “It is not about budget reduction. In this section.

05 June 2019. Film and TV studios – Industry will receive $53 million in funding and rejigged local content rules. He said that with the initial budget, revenue was projected at N8.57 trillion, adding that the Federal Government was now looking at N5 trillion, a decline of about 32 percent.

We take a look at the best cheap phones on the market. It is a season of slashing and burning the many provisions of Nigeria's 2020 budget. International travellers – no hints on when international travel can resume. This involves scaling up capacity in the Treasurer Josh Frydenberg has declared Australia will not fall on its knees despite facing the worst economic crisis since the Great Depression. Amending letters . Taxpayers – Stage two personal income tax cuts will be backdated to July 1, 2020, putting $12 billion into the pockets of Australians. Recall that Kenza raised an, Again, fans have spotted something else to talk about after Tiwa Savage, recently shared a photo of herself and Naira Marley while announcing the, Fans of Davido have continued trolling Wizkid on social media, prior to the release of Davido’s new album. 7. The health sector, for instance, got $186 billion more than in the original budget. Investment – Nearly all Australian businesses will be able to write off the full value of eligible assets until June 2022.

Toyin Abraham Opens Up On How She Was affected By The Pandemic And ENDSARS Protest, Singer Davido Writes A Sad Message Amid The Demise Of His Close Friend In US, Davido Alleged Girlfriend Eva Finally Speaks On Dating Davido (Photo), See What Naira Marley was Spotted Holding while Hugging Tiwa Savage (Screenshot), Fan Trolls Wizkid Over Davido’s Soon To Be Released Album Says Wizkid Will Be Shaking Like This, 15 Years After She Gave Him A Wrong Number, See The Heartfelt Message Elsie Wrote to Celebrate 10th Marriage Anniversary With Basketmouth, Meet The Nigerian Actress Banned From Hugging A Man In A Movie And Sharing Provocative Dresses, Actress Victoria Throws Shades At Nengi On Her New Appointment, Laycon, Ozo, Vee, Neo Celebrates Nengi On Her New Appointment, A picture of Osita Iheme and and curvy actress, Luchy Donalds surfaces online, See Recent Photos Of Chinedu Ikedieze(aki) After He Moved Into His Mansion 10 Months Ago, Meet Chioma Nwaocha, The Beautiful 18-Year-Old Actress Who Is Already Taking Over Regina Daniels Roles, BBNaija Neo was spotted at the one-year birthday party of Davido’s son, See what he was caught doing, Williams Uchemba’s bride-to-be, Brunella Oscar says she is excited about their upcoming wedding, BBNaija star, Neo Displayed His Dancing Skills In Davido’s Son’s Birthday Party, Fan Blasts BBNaija Star Wathoni For Hiding Real Face With A Shade In Recent Photo, Nollywood Actress, Daniella Okeke, Says She Is Worth More Than A Billion Dollars In Her Recent Photo, Laycon To Speak At The Launch Of OPPO A93 Smartphone, Details, Laycon, Ozo, Vee, Neo and Nengi congratulates Nengi on her new appointment, Regina Daniels flaunts her luxurious washroom, Her co-wife reacts, BBNaija Wathoni breaks down in tears, See what fan told her that got her crying(Video), Wizkid Overlooks Davido’s tweet, Acknowledges Burna Boy, Yemi Alade, others, See other side Jobs Nollywood Actress do aside acting, The Biography, Career and Net worth of Queen Nwokoye, Billionaire Son kiddwaya reveals Where He Will Be Spending His Holidays Next, Ini Edo blast Desmond Elliot, Tells him to man up, See what Yul Edochie said to his wife as they marks their 16th wedding anniversary, Wizkid fans blast Davido for congratulating Wizkid over ‘Made In Lagos’ album, See why, Is Aliko Dangote Still The Richest Man In Nigeria? All of these have implications for revenue. h��WkP[�>��-�F ���-lR�K�J�����J,��!�#ƍ?�c�^*� �&1��!0%��Lq�&�v4�J����Lj�l0�x�i���ӽ!����*#v��={��}{� �1 �t����9>pA8�q1f�$ ��b+Aw�59Bb���Aj!�|�.4B17�5!$\���%��˩�\U�������L��R ���O�� �JV'�1WIq:��r�IIvg�VLA�;A���D�W����Df������c��"�-h���]X!��,�/�kW�}�9����DӠ'���tO��N�:G%Io,�'��M?1��� pԐ�\&y��=;v�T�����s��#$���1��L)~Or��� “Without a doubt, the pandemic has had a lot of impact on our economy as original projections had fallen short. He said the major concern of government was how to ensure the retention of existing jobs and the creation of new ones, adding that “we looked basically at how to save lives; how to keep our economy off the ravages of the pandemic by reducing the impact of vulnerabilities.”. Migrant families – The government will allow 30,000 family members of migrants to come to Australian through Family Stream places. The 19 per cent tax bracket will rise from $37,000 to $45,000. The minister stated that these programmes included agriculture, recalling that the closure of borders was to encourage consumption of locally-produced rice and local farmers. Would love your thoughts, please comment. Advertisement : advert@newzandar.com

Logically, the Review starts by recapping on the policy objectives, thrust and key parameters of the 2020 National Budget presented to Parliament on 14 November 2019. Some Information You Don’t Know About Him, “I thought somebody said something”, Stefflon Don shares a seductive photo of herself after following Burna Boy, blogger shows the face of the child Desmond Elliot has with another woman outside wedlock(Pictures), Dino Melaye reveals his readiness to face FG for their bad governance henceforth, despite its consequences, Regina Daniel’s mother, Rita Daniel took to her IG to celebrate her youngest daughter, See what you don’t know about the richest city in the world, “A very big congrats to comedienne”, Regina Daniels congratulates Taaooma as her boyfriend proposed, Georgina Onuoha Angrily Lambasts Desmond Elliot On Instagram, Laycon finally meets Ned Nwoko in his official residence, See the picture of the funny Bridge constructed Desmond Elliot as constituency project, Nengi Bags Another Ambassadorial Deal With Popular Brand Remy Martin, Joke Jigan Lambasts A Fan Who Shaded Her Over Her Throwback And Recent Photographs, Genevieve Nnaji shares the night view of Aguda Surulere in Lagos, Georgina Onuoha descends heavily on Desmond Elliot over fresh comment, Meet King Ayo, Wizkid’s Second Son, See His Recent Adorable Photos, A loyal fan of Davido sparks controversies on social media with his comments about fellow musicians hating Davido, Former BBNaija housemate Ozo meets with the Minister of Youths, See what they discussed, BBNaija Lilo was dumbfounded after a fan gave her the most refreshing comments on a new on IG, Nigerian singer, Yemi Alade walks away with all the applause at TED’s virtual countdown global launch, Afia Schwarzenegger Reveals She’s Done With Mr. Drew In A Recent Video, Stop Cursing the children of politicians, It is not good for their mental health-Simi advises Fans. The Minister of State for Budget and National Planning, Prince Clem Agba, who gave the assurance said that the President Muhammadu Buhari administration was looking at measures that would make economic recovery faster, in the aftermath of the ravages of the COVID-19 pandemic and the looming global recession. �d� �� `�H0�i�g��%0� ,{̾ &_�Ef�ٟ@d�.���~ �ؤbk���6��H� �?�1#+XP�����0 ��u The Library will publish a range of information to support consideration of the Budget. Manufacturers – The government will dole out up to $1.5 billion in grants to encourage advanced manufacturing in resources and critical minerals; food and beverages; medical products; recycling and clean energy; defence and space. 1323 0 obj <> endobj About the Parliamentary Library; Research Publications. So, one of the immediate measures that we took was to increase the exchange rate from N305 to N350 per dollar in order to help in revenue projection.”. Labor – A swathe of personal and business tax cuts will probably give the Coalition ammunition against the Opposition at the next election. “Thereafter, the President also set up the PTF, which majorly handled the health aspect of the pandemic and, later on, the Economic Sustainability Committee under the chair of the Vice President. 8. For example, oil production was initially projected to be at 2.18 million barrels per day. 0

• The 2020 Budget proposes total consolidated spending of R1.95 trillion in 2020/21, with the largest allocations going to learning and culture (R396.4 billion), health (R229.7 billion) and … Dud super funds – Super funds will be publicly ranked by performance on a new government-run website under new benchmarks. Research and development – The government has completely backflipped on previously proposed cuts to research and development tax incentives.

JobSeekers –The now $250 coronavirus supplement tacked on to the unemployment payment will end on December 31. In his 2020 budget business comes out a major winner along with people who need upskilling and of course workers who will receive tax cuts. FERMA got more funding for rural roads rehabilitation along the agro-corridors to ensure that post-harvest losses are reduced and agricultural produce actually gets to the market.”. Ballot box stuffing, election workers filling out ballots instead of counting them, and a vanload of votes. Budget Review 2020–21. endstream endobj startxref Incorporated small businesses – Loss carry back provisions will allow small businesses to offset current losses on to previous tax refunds. The Federal government has assured Nigerians that the revision of the 2020 budget by the Federal Government was not intended to impose austerity measures on them. Telehealth users – Services will be expanded for another six months, with the government spending $2 billion to keep expanded telehealth services running. Australian Federal Police – A $300 million funding boost for operations, mental health support and the establishment of a reserve police force. Help using this website - Accessibility statement, 'Clear and convincing': Biden all but declares victory, 'We're going to win this race', says Biden as count grinds on, Trump's chief of staff diagnosed with COVID-19, Four election fraud rumours - and why they are bogus, Fears grow over mutated COVID-19 strain in Danish mink, Endgame in America lays bare our strategic position, Inquiry recommends home quarantine for returned travellers, 'You will pay': Beijing ups threat to Australia, Biden will be more nuanced on China: Bob Carr, Australia has friends in Biden's inner sanctum, Biden's poisoned chalice; China's new threat; Travel bubble options, Fire, smoke and steam add ancient drama to new food venue, Why slogomania has overtaken logomania in fashion, Italian inspiration meets Australian flavour in new liqueurs to love, Six things I learnt from trying 20 online courses, Rich Listers win with boards that can say no, Prestige jewellers go large with shape-shifting creations, 85 years on, a legendary shot still sets the bar at the US Masters, Goodman primed for earnings upgrade on e-commerce boom, Rich Lister Jack Cowin clean sweep with Coles plant-based meat deal, How to become a Financial Review Rich Lister, Hannah Wootton, Finbar O'Mallon, Timothy Moore and Natasha Rudra.