Tax Adjustments expected in this morning’s budget presentation
Antigua and Barbuda’s Cabinet deliberated on three draft bills scheduled for parliamentary presentation preceding the budget unveiling this morning.
Upon parliamentary approval, these bills will instigate marginal increases affecting the Antigua and Barbuda Sales Tax (ABST), elevating it from 15 to 17 percent, along with adjustments to the Airport Tax and the so-called “Sin Tax.”
The latter, targeting alcohol, tobacco, cannabis products, and gaming, derives its name from the perceived adverse impact on citizens’ health and well-being due to the use of these items or participation in related activities.
Financial Secretary Rasona Davis-Crump, in a recent state television appearance, emphasized the necessity of this tax to support a heavily subsidized public healthcare system. Financial authorities recommended a 10 percent tax in this context.
Prime Minister Gaston Browne is expected to disclose additional details during his morning presentation.
The proposed modification to the “Sin Tax,” coupled with the airport tax hike and a two percent increment in ABST, reflects government measures aimed at achieving a 25 percent revenue target. Both government and financial officials have stressed the urgency of making these adjustments to prevent a situation where meeting financial obligations, including public sector wages and salaries, and addressing crucial areas like healthcare and road infrastructure, becomes challenging.
The emphasis is on proactive adjustments to ensure sustained financial stability and national development.
This story was first published by Antigua News on : antigua.news/2023/12/15/tax-adjustments-expected-in-this-mornings-budget-presentation. © 2023 Antigua News. Republication without permission is not allowed.
About the author
The Editorial Staff refers to all reporters employed by Antigua.news. When an article is not an original creation of Antigua.news—such as when it is based on a press release, other media articles, letters to the editor, or court decisions—one of our staff members is responsible for overseeing its publication.
Read our editorial standards and corrections policy. Spotted an error? Contact the newsroom.
More from Antigua and Barbuda
View section
Senator Colin O’Neil Earns Political Science Degree at UWI Five Islands, Sets Sights on Law Degree
Senator Colin O’Neil graduates with a Bachelor’s Degree in Political Science from UWI Five Islands Campus and announces plans to pursue a law degree in 2027.
By Cory Wayland
Young Man Suffers Minor Scrapes After Leg Gets Trapped in St. John’s Sidewalk Grating
The incident raises fresh concerns about pedestrian safety following similar occurrences in the city.
By Cory Wayland
Mighty Sparrow’s National Funeral Set for October 16 as Trinidad and Tobago Prepares Grand Farewell
Two days of public viewing and a grand cultural procession will precede the October 16 Celebration of Life honouring the legendary entertainer whose music helped shape Caribbean culture.
By Cory Wayland
Antigua and Barbuda Art Week 2026 to Bring Folklore and Creativity to Life with Exciting New Experiences
From the legendary Jam Bull to evening gallery tours, live painting battles and interactive workshops, this year's Art Week promises an immersive celebration of Antigua and Barbuda's artistic and cultural heritage.
By Cory Wayland
Comments (2)
Mary-Joe December 15, 2023, 10:31 AM
AAB December 15, 2023, 1:43 PM