The federal government of Antigua and Barbuda, led by Prime Minister Gaston Browne, is actively considering a rise within the nation’s Gross sales Tax.
This consideration arises because the administration faces escalating monetary commitments, together with the necessity to fund wage will increase for public servants.
Balancing income and expenditures
The Prime Minister indicated {that a} determination relating to the potential tax hike might be finalized subsequent week.
He believes it’s the easiest way of accelerating the federal government’s annual income.
The load of economic obligations
The Antiguan authorities at present expends roughly EC$38.6 million yearly on wages, salaries, and different worker advantages.
Browne highlighted that the state’s monetary obligations exceed EC$60 million every year.
