Caution rules for revenue windfall

25 April 2021 - 05:08 By HILARY JOFFE

The Treasury will use any unexpected revenue boost to reduce borrowing, not increase spending, the head of the budget office, Edgar Sishi, said on Friday.

Sishi, speaking in a Sunday Times Live online dialogue, said the Treasury is also determined to avoid the mistakes of the past, when it committed to permanent spending based on temporary revenue overruns...

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