Antigua and Barbuda faces $220M deficit despite revenue growth

 Antigua PMGaston Browne

In a concerted effort to gauge the economic well-being of the nation, the Cabinet of Antigua and Barbuda recently orchestrated a high-level assembly with a delegation of nine members from the ministry of finance.

This team, comprised of key financial figures, including the financial secretary, deputy financial secretary, accountant general, deputy commissioner of the inland revenue department, comptroller of customs, and the debt manager, delivered an all-encompassing report on the country’s income, expenditure, and overall financial status.

The report uncovered a surge in government income. “From January to June of 2023, the revenues amounted to slightly more than 500 million dollars,” elucidated one official. In comparison to the same period in 2024, “Revenues escalated to nearly 560 million dollars.”

Yet, in spite of this promising upward trajectory in revenue generation, the financial landscape was not entirely optimistic. The team disclosed that spending for the same period “surpassed 780 million dollars.” This considerable outflow resulted in a substantial deficit.

“The disparity between our income and spending has given rise to a deficit of slightly over 220 million dollars,” ascertained the Cabinet.

 

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2 Comments

  1. Ibo France
    July 22, 2024

    The Antigua & Barbuda government headed by this funny-looking mustache, Hitler wannabe, buffoon, is a tax, borrow and spend aristocracy. It is unsurprising that the country is so heavily indebted.

    The guy at the helm can’t even manage a bar shop. Put Brown Boy in charge of the Amazon Forest, in a short time all the trees and vegetation would completely disappear. The cartoonish character cannot manage anything.

    Lesson learnt: You cannot put a tailor in an operating theatre and expect good results. By the way, there is nothing in Antigua to justify all this spending. Antigua is like a large landfill.

    Hot debate. What do you think? Thumb up 2 Thumb down 8
    • Francisco Etienne-Dods Telemaque
      July 23, 2024

      lbo; you need to give Gaston Brown some credit: In that sense Antigua under his leadership is still more progressive than Dominica!
      They say the taste of the pudding is in the eating; whether, he borrows and spend the benefactors of that are indeed Dominicans who do not have the same privilege in Dominica.
      Antigua, is a heaven; or as they insultingly say is (America to Dominicans); you must agree; for there are more than twenty-five thousand – thirty thousand Dominicans residing in Antigua. There are more Dominica born people living in Antigua, than native born Antiguans right at this moment.
      Just about every teen-age person in Antigua are born to Dominican parents, and a few from the other Windward islands, Guyana, and Jamaica.
      To the skeptics, that can be verified!
      The only thing that surprised me at the moment, is I try to get something of a liquid nature mailed to me from Antigua because FEDX don’t ship liquids, only to find out the Post office in St. Johns is shut down.

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