Subsidies

Subsidies could be wiped out in Budget

Consumers are already bracing for increased food and transportation prices as Finance Minister Colm Imbert gets set to read the budget on September 30. Among the key announcements expected are the possibility of subsidies on fuel, transportation, and other sectors being completely wiped out or reduced significantly.

The impact will increase the cost of living directly and already low and middle-income citizens are reeling in fear of what could be in the budget.