{"id":326144,"date":"2024-07-22T14:46:12","date_gmt":"2024-07-22T18:46:12","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=326144"},"modified":"2024-07-22T14:46:12","modified_gmt":"2024-07-22T18:46:12","slug":"antigua-and-barbuda-faces-220m-deficit-despite-revenue-growth","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/governance\/antigua-and-barbuda-faces-220m-deficit-despite-revenue-growth\/","title":{"rendered":"Antigua and Barbuda faces $220M deficit despite revenue growth"},"content":{"rendered":"<figure id=\"attachment_279227\" aria-describedby=\"caption-attachment-279227\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-279227\" src=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646.jpg\" alt=\"\" width=\"1024\" height=\"494\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646.jpg 1024w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646-300x145.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646-642x310.jpg 642w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646-768x371.jpg 768w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2021\/12\/Gaston-Browne-CARICOM-e1669217522646-640x309.jpg 640w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-279227\" class=\"wp-caption-text\">\u00a0Antigua PMGaston Browne<\/figcaption><\/figure>\n<p>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.<\/p>\n<p>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&#8217;s income, expenditure, and overall financial status.<\/p>\n<p>The report uncovered a surge in government income. &#8220;From January to June of 2023, the revenues amounted to slightly more than 500 million dollars,&#8221; elucidated one official. In comparison to the same period in 2024, &#8220;Revenues escalated to nearly 560 million dollars.&#8221;<\/p>\n<p>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 &#8220;surpassed 780 million dollars.&#8221; This considerable outflow resulted in a substantial deficit.<\/p>\n<p>&#8220;The disparity between our income and spending has given rise to a deficit of slightly over 220 million dollars,&#8221; ascertained the Cabinet.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"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&#8230;","protected":false},"author":13,"featured_media":279227,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[36,286,235,9,14],"tags":[],"class_list":["post-326144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-development","category-governance","category-homepage-carousel","category-news","category-regional"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Antigua and Barbuda faces $220M deficit despite revenue growth - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/governance\/antigua-and-barbuda-faces-220m-deficit-despite-revenue-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua and Barbuda faces $220M deficit despite revenue growth - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"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. 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