Antigua and Barbuda’s 2024 budget is EC$1.89 Billion
Antigua and Barbuda’s budget for the upcoming year has been announced, and it appears to be only slightly higher than the previous year’s budget.
The new budget has been increased by 5% and amounts to a modest $1.89 billion.
The Ministry of Education, Creative Industries, and Sports have been allocated $184.2 million from the budget, which is slightly lower than the previous year’s allocation of $185 million. Despite this, the ministry remains a significant recipient of the budgetary allocation.
On the other hand, the Ministry of Health, Wellness, Social Transformation, and the Environment has received the highest allocation of funds, amounting to $160.5 million. This marks an increase from the $147 million allocated to them in the previous year’s budget.
Overall, the budget for Antigua and Barbuda seems to be geared towards the development of the nation’s health and wellbeing, social transformation, and the environment while still ensuring that education, creative industries, and sports receive the necessary funding to thrive.
Here are the other allocations:
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|
Ministry |
2023 Allocation |
2024 Allocation |
|
Ministry of Housing, Works, Lands and Urban Renewal |
$97.6 million |
$114.6 million |
|
Ministry of Foreign Affairs, Agriculture, Trade and Barbuda Affairs |
$50.1 million |
$52.7 million |
|
Ministry of Tourism, Civil Aviation, Transportation, and Investment |
$38.3 million. |
$37.6 million |
|
Attorney General’s Office and Ministry of Legal Affairs, Public Safety, Immigration and Labour |
$106.3 million |
$114.4 million |
|
Ministry of Information Communication Technologies (ICTs), Utilities and Energy
|
$15.3 million |
$15.3 million |
|
Ministry of Finance, Corporate Governance and Public Private Partnerships |
$121.1 million |
$134.9 million |
|
Office of the Prime Minister |
$36.7 million |
$42.7 million |
As per the budget allocation for the Ministry of Finance, a significant amount of $9.5 million has been earmarked for the Barbuda Council.
This amount represents a substantial increase of 46.15 per cent compared to the budget allocation for the council in the previous year, i.e., 2023.
The allocation of this increased budget is expected to facilitate the council in undertaking various developmental and welfare initiatives for the betterment of the Barbuda community.
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