A financial expert, Dr. Adrian Stokes says the government may be unable to collect the 3-hundred-and-78 billion dollars in taxes, projected for the new fiscal year.
The 2015-2016 Estimates of Expenditure tabled yesterday, shows that the government plans to spend 6-hundred-and-41-billion dollars for the new fiscal year.
The government also plans to raise 8-billion dollars in new taxes.
But Dr. Stokes says he’s unconvinced that the government will meet its projections.
Dr. Stokes says with that shortfall, the government is being very ambitious in its revenue projections.
Dr. Adrian Stokes, financial expert.