Finance Minister Dr. Nigel Clarke has announced that there will be no new tax imposed this fiscal year.

This declaration was made during today’s sitting of the House of Representatives.

Dr Clarke notes that the no new tax imposition serves as a part of the government’s measures to finance the new budget.

In addition to this announcement, Dr. Clarke also shared that the Government will revamp the country’s bank notes, and in doing so, restore all the images of the seven National Heroes and four deceased Prime Ministers to the notes.

In addition to the existing six bank notes, a new $2,000 note will be added.

As a result of the seven notes and 11 images, however, six of the notes will carry two images each, the lone exception being that of National Hero Marcus Garvey, whose image will appear by itself on the $50 note.

Dr Nigel Clarke, also added that the quality of the paper with which the monetary notes are made will also be upgraded so they last longer.

The color of each note will be more distinct in order to avoid confusion, and features more amenable to recognition by the blind will be added, he said.