Finance

Financial resources are essential for development and recurrent expenditures. FORD-K will institute prudent tax systems and shrewd expenditure for revenue to spur growth. This will be achieved through:

  • Levying of simple flexible low rate taxes with broad-based
    structures
  • Collection of import duty in foreign currency
  • High penalty for defaulters
  • Zero tolerance to corruption
  • Re-invention of the Revenue Authority for administrative efficiency
    in tax collection
  • Attractive and Stimulus policies for local and foreign investments
  • Stagnated policies for domestic and international borrowing
  • Selective international economic cooperation
  • Review of regional protocols on customs duty to widen the tax net