Measures announced in todays budget aimed at rural areas; *New agri-taxation measures to encourage land leasing, support young farmers, and encourage investment. This will help us increase agri-food exports and output by 40% as per Food Harvest 2020. *Kept 9% VAT rate for the hospitality sector which has led to 30,000 jobs across the regions. *New dedicated Minister and budget for rural economic development. *Extending eligibility for the successful Home Renovation Incentive to rental properties will encourage more construction at a local level, with a high rate of labour intensity.
Posted on: Tue, 14 Oct 2014 15:19:35 +0000
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