Government announces $1.4 billion budget
The government of Antigua and Barbuda has announced an EC$1.4 billion budget for 2021, with the hopes that improvements in tax collection, an increase in capital spending, and overall enhancements in its fiscal strategy, will yield a projected growth rate of 3 percent.
“I am pleased, Mr Speaker, that this budget introduces no austerity measures, nor does it cut back on social sector spending on health, education and public services.
The budget also introduces no new taxes on our people. It merely strengthens tax administration and improves tax compliance,” Prime Minister Gaston Browne said in parliament on Thursday, before presenting this year’s budget.