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Ministry of Finance to survey businesses in wake of COVID-19, mulls stimulus

The Government is considering several proposals to offer relief to various sections of the country to cushion the financial fallout from COVID-19 according to Finance Minister Winston Jordan. He noted that such a move will be done under the backdrop of having removed VAT on utilities, domestic air travel, and medical equipment. The government, through GuyOil, has also lowered the cost of fuel and is currently seeking to provide citizens with food through the Civil Defence Commission. Jordan noted everything has to be considered to ensure whatever is agreed to is viable and “can be financed in whatever way, whilst not reducing the level of services the government has been able to deliver to the population.” Prior to making a decision on the matter, the Ministry of Business, in partnership with the Ministry of Finance, is conducting a survey of businesses to assess the impact of COVID-19 on their operations in order to shape informed economic policy considerations. With this in mind, the Ministry of Business asked businesses to complete an online questionnaire urgently. Given the urgency of the matter, the Government wants the questionnaire to be completed by Saturday, April 11, 2020, to ensure that the impact of COVID-19 on the private sector and wider economy is sufficiently addressed in response measures. A link to the survey can be found below:


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