Antigua and Barbuda’s 2015 budget was laid before Parliament on Monday, January 12th 2015 by Minister of Finance, Gaston Browne, under the theme, “Rebuilding Our Nation: A Call For Action, Performance And Excellence“.
We have included some highlights below as well as the link to the entire budget speech for you to download at your convenience.
Highlights: 2015 Budget of Antigua and Barbuda
- Offshore sector to be reviewed
- Attract gaming companies
- Job creation
- Foreign Direct Investment
- ABI Bank to be injected with funds by June 2015
- Crime Reduction
- Enhancing energy efficiency
- Sound fiscal debt management
- Enhance tax collection by customs and IRD
- ABST Fresh Start program extended to March 2015
- Property tax before 2015: all arrears waived
- Tax-free up to 25% depending on size of investment
- Create an entrepreneurial society
- Statutory bodies to submit audited financial statements within 6 months
- Projects
- Beaches resort at Long Bay
- Morris Bay
- Hodges Bay club
- Adjacent to Royal
- Guiana Island
- Barbuda – Robert Niro
- 2000 homes
- APUA review analysis
- APUA: refinance debt
- Construct a Renewable energy plant
- Lower electricity costs at APUA (01/13/15)
- Feb 1 2015-price at pump reduced
- Education and training (entrepreneurs): ABDB
- University College of Anu/Bda
- Yacht Marina on Barbuda
- Govt to purchase 2 planes between Anu and Barbuda
- New airport and seaport on Barbuda
- Port of Entry on Barbuda
- Up-grade services at Hannah Thomas hospital (Barbuda)
- JSC: indoor arena
- Upgrade sports arenas: Villa, Liberta, etc
- International Music Festival
- Budgetary Allocations
- Agriculture-$60m
- Works-$76m
- AG-$71m
- Tourism-$19m
- Foreign-$19m
- Health-$74m
- Education-$78m
- Utilities-$6m
- Trade-$23m
- Information-$14m
- Governor General-$1.3m
- Cabinet-$3.2m
- Director of Audit-$1.1m
- Charges and Public Debt-$437m
- PM-$26m
- Finance-$81m
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