PM Speaks On Building Economy

Government will be redoubling its efforts to place Antigua and Barbuda on a more sustainable fiscal path.

Prime Minister, the Hon. Gaston Browne, while delivering an address to the Caribbean Development Bank’s 45th Meeting in Basseterre, says a series of revenue enhancing and expenditure reducing interventions have been identified to secure improved performance and reduce the debt stock.

He further explains how these strategies will be developed.

The nation’s leader adds that the mechanisms that will be implemented are expected to yield results that will allow the Government to establish and secure a macro-economic environment that will encourage growth and investment.

In order to achieve debt sustainability, focus will be placed on the supervision and management of state –owned enterprises, which Prime Minister Browne says accounts for a large portion of overall fiscal risk.