The government has reached a secret understanding with the IMF under which the Reformed General Sales Tax will be imposed in the next fiscal budget, but will not be called the RGST or VAT, since the government may not be able to get the relevant financial legislation passed through the National Assembly.
What this simply means is that the economic mangers of the government, who held talks with an IMF team in Dubai and briefed them on the salient features of the next budget, have tried to fool the masses, urban based political players and business tycoons by leaking the false information that the RGST had been shelved. In reality, the official statement after the talks says discussions on the issue would continue in the weeks ahead and a fund mission would visit in July 2011. In essence, the economic managers have tried to camouflage a secret deal with the IMF.
Thats more than sseibnle! Thats a great post!