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The big winners in Minister of Finance Dave Tancoo’s $59.2 billion budget are the motorists using super gasoline, public servants, retirees, farmers and the many customers in the market for cheaper foreign used vehicles.
The “losers” were the landlords, the business owners, the drinkers and smokers, the commercial banks and insurance companies, the NIS contributor and those persons buying luxury electric vehicles costing over $400,000.
The budget, which had a fiscal deficit of $3.865 billion and is based on an oil price of US$73.25 per barrel and gas price of US 4.25 per mmbtu, contained a mix of relief and tax impositions and penalties.
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