Tag: Budget Address
UPM increasing range of fees in 2024/25 budget
(CNS): Premier and Finance Minister Juliana O’Connor-Connolly said her government would increase some taxes or fees over the 2024-25 budget period, such as a rise in duty on electric cars, stamp duty in high-end locations, work permit applications and some General Registry fees. In the Budget Address delivered on Friday afternoon, she outlined an increase […]
2021 public spending $186 million over budget
(CNS): Government was supposed to have spent no more that CI$764 million over the last twelve months, but largely as a result of the COVID-19 pandemic, public spending has soared. As of 25 November, the finance ministry was predicting that by the end of the year core government spending will have exceeded $950 million, some […]
PACT forecasts CI$15M deficit for 2022 budget
(CNS): Government is expecting a net deficit of CI$15.8 million for the Entire Public Sector in 2022 as a result of an anticipated loss by public authorities, but Finance Minister Chris Saunders is predicting an overall surplus of over $8.5 million in 2023. In the Budget address delivered Friday, he said it was not ideal […]
