Less taxing way to balance the books

THE revised Budget was a fair reflection of the challenges the Government faces as the slump in crude oil prices bites hard into the economy. The shortfall from oil re­venues has basically forced the hand of the Government when it announced its revised Budget for 2016.

It took a prudent view of the stark realities. Lower crude oil prices will have a ripple effect not just for the Government but also the private sector and the greater economy.