Wednesday, September 3, 2008

Budget pushed forward to october

The Government today decided to rush forward the Budget by almost two months to October 14 in light of the rapidly deteriorating economic situation.

With job losses, rising prices and falling tax revenue, figures released today showed unemployment has jumped to 6.1% - a 10-year high.

The Government, which today held its first Cabinet meeting since the August break, said moving the Budget from the first week in December will give clarity and confidence to investors and taxpayers and lay the foundations for a recovery.

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