Angelique Bock, an economic researcher at Simonis Storm Securities, underscored the potential efficacy of policy interventions, suggesting that a reduction in the Value Added Tax (VAT) could serve as a viable avenue to mitigate the financial strain burdening consumers. “In terms of policy suggestions, one could consider a reduction in VAT. A decrease in VAT would mitigate the extent to which inflation rates are pushed upward,” Bock said.
Source: namibian.com.na
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