Advancing manufacturing while supporting the Private Sector Expansion- Budget 2021
ST. JOHN’S, Antigua and Barbuda -28
thJanuary, 2021… Prime Minister Browne reaffirms his government’s commitment to lend support to the manufacturing sector.
“While size and production costs prevent this sector from being a much more significant contributor to GDP, it is still an important component of the economy as it is a source of employment and income for our people,” PM Browne indicated.
The PM went on to explain that manufacturing contributes about 2.5 percent or $60 million to GDP annually.
“That is why, through various laws, including the Small Business Development Act, special incentives are provided, to encourage local manufacturers and other entrepreneurs to start and expand businesses,” The Prime Minister stated.