IN his ardent defence of the government’s budget of “hope,” Prime Minister Dr Hubert Minnis said his administration made several considerations concerning the value added tax increase but rested at 12 percent after ruling out 15 percent because it would be “too much pain” for Bahamians to bear.

He said the government also looked at doing nothing, along with increasing VAT to 10 percent, but none of these options was sufficient to tend to the present fiscal pressures...

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