2024/25 Budget Communication Delivered to Parliament
Prime Minister and Minister of Finance delivered the annual budget communication outlining $3.2 billion in planned expenditure for the coming fiscal year.
Official announcements, reports, and fiscal updates from government sources.
This feed aggregates official government announcements related to public finance. No political commentary or opinion is included.
Prime Minister and Minister of Finance delivered the annual budget communication outlining $3.2 billion in planned expenditure for the coming fiscal year.
Government revenue collection for the first six months of FY2024/25 exceeded projections by 3.2%, driven primarily by strong VAT and tourism tax receipts.
The Auditor General's annual report highlights areas for improvement in public financial management across several ministries.
The quarterly review indicates continued economic recovery with tourism arrivals reaching pre-pandemic levels and positive growth in key sectors.
National debt-to-GDP ratio continues its downward trend, falling to 82.5% as economic growth outpaces new borrowing.
The new legislation introduces stronger fiscal responsibility requirements and improved transparency in government financial reporting.
Government increases the National Disaster Fund allocation by $25 million ahead of the 2024 hurricane season.
October 2024 VAT collections reached $105 million, the highest single-month collection since the tax was introduced.