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"content": "the health sector. I, however, note that this incentive excluded medical equipment and apparatus making it unattractive to investors. In order to address the challenges in the health sector, I propose to extend the incentives earlier granted by exempting from VAT medical equipment and apparatus for use in the specialised hospitals. I have proposed changes in the Capital Markets Act and Public Finance Management Act to accommodate Islamic finance products to enhance financial deepening. Consequently, I further propose to amend the tax statutes to provide for equivalent tax treatment of these products with the conventional financial products. To support the blue economy"
}