Why does the government decided not to change Vat on certain basic goods?

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2026-07-11 10:55

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The government may decide not to change VAT on certain basic goods to keep them affordable for low-income populations and to ensure access to essential items like food, healthcare, and education. Maintaining a lower VAT rate can help alleviate the financial burden on consumers and support overall economic stability. Additionally, it can be a strategic move to promote social equity and public welfare, particularly during times of economic hardship.

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