Why did the government decide not to charge vat on certain basic goods?

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2026-03-02 11:05

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The government decided not to charge VAT on certain basic goods to ensure affordability and accessibility for low-income households. By exempting essentials like food, healthcare, and educational materials from VAT, it aims to alleviate financial burdens and promote overall public welfare. This policy can also help stimulate consumer spending in critical sectors, supporting economic stability and growth.

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