In a bid to alleviate the financial burden on households, the newly appointed Prime Minister has taken his first major step in office by chairing his inaugural cabinet meeting. As part of his government's economic agenda, the Prime Minister has announced a significant cut to Value-Added Tax (VAT) on household electricity, a move that is expected to provide much-needed relief to families struggling with rising energy costs. The decision is seen as a key plank of the government's strategy to boost consumer spending and stimulate economic growth. With the VAT cut set to take effect in the coming weeks, residents can expect to see a reduction in their electricity bills, a welcome respite in a time of economic uncertainty.
The new prime minister chaired his first cabinet after announcing a cut to VAT on household electricity.
