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Government announces $1.4 billion budget

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. ....

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Education gets lion share of government's 928.1 Million Dollar budget

Education gets lion share of government’s 928.1 Million Dollar budget
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ST. JOHN’S, Antigua and Barbuda – 28
th January, 2021……..Prime Minister the Hon. Gaston Browne on Thursday announced a $928.1 Million dollar budget with the Ministry of Education, Science and Technology receiving the highest budgetary allocation in the amount of $143.1 million.
Prime Minister Browne in his budget highlighted his government’s commitment to improving all levels and modalities of education in Antigua and Barbuda which he said that is a platform for high levels of economic growth.
The country’s leader announced that his government expects revenue to improve gradually over 2020’s. He said that Recurrent Revenue is estimated at $872.5 million for 2021, which is a 17% increase over the $745.8 million generated in 2020. The components of recurrent revenue are Indirect Tax Revenue – $604.2 million; Direct Tax Revenue – $98.5 million and No ....

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