Bus fares will be reduced by 10 percent across the board for the next 6 months.
While announcing the 2022/2023 National Budget, Minister for Economy, Aiyaz Sayed-Khaiyum says this is effective from 1st August 2022.
He says bus users will pay discounted fares, while Government will pay the difference directly to the bus companies through a $6 million allocation in the 2022-2023 Budget.
The government will make an advance payment to all bus companies for the month of August based on previous records and reconcile this with acquittals and e-ticketing data every month.
The COVID-19 economic support measures announced in the 2021-2022 Budget such as electricity and water subsidies, Stronger Together Job Support Scheme and Jobs for Nature, social welfare support, access to GPs and medical practitioners, support for transportation (payment of base fees, PSV drivers licence fees, stall fees for market vendors, inshore fishing fees will continue for the next 12 months.
The zero rating VAT on the 21 items announced earlier year will continue.