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Ministry of Finance
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Declaration Form Needed for Travelers

Declaration Form Needed for Travelers

Antigua St John's - Travelers are reminded that there is a legal requirement to complete a Declaration Form of any country when traveling with currency valued at more than US $10,000.00.

New Travel Tax Casts Wider Net

Antigua St John's - The new Airport Administration Charge Tax, which had its first reading in the House of Representative on March 5, will cast a wide net when it becomes law following parliamentary approval.

Inside Politics – Job Creation Is Wealth Creation

Inside Politics –  Job Creation Is Wealth Creation

Antigua St John's - It was heartening to hear that the new chairman of the Antigua & Barbuda Investment Authority (ABIA) has returned from Trinidad & Tobago after a successful conference there.

Survey Deadline Extended

Survey Deadline Extended

Antigua St John's - The Statistics Division in the Ministry of Finance, the Economy, and Public Administration is advising businesses and other respondents that the deadline for the submission of the 2011 Annual Survey of Economic Activity (ASEA) has been extended to April 30, while the deadline for the submission of the 2011 Balance of Payments Survey (BOP) is May 30. All respondents are urged to submit the completed forms by the due dates.

Business Operators Seek Answers

Business Operators Seek Answers

Antigua St. John’s – Faced with a decline in business, operators in the tourism dependent state of Antigua & Barbuda have decided to be more proactive.

Credit Guarantee Scheme Supports Small Businesses

Credit Guarantee Scheme Supports Small Businesses

Antigua St. John’s - With the required financial backing from the Ministry of Finance and the Economy now in place, the Antigua & Barbuda Development Bank (ABDB) has been able to issue a number of loan guarantees under the government of Antigua & Barbuda Credit Guarantee Scheme.

Airport Administration Charge Takes Effect

Airport Administration Charge Takes Effect

Antigua St. John’s - The Antigua & Barbuda Airport Authority, Ministry of Finance and the Antigua & Barbuda Tourism Authority hereby advises travel providers to inform their clients of the new Airport Authority Administration Charge that will be applied to all travel from November 1, 2012.

Lovell Says Tax Increases Unlikely

Lovell Says Tax Increases Unlikely

Antigua St. John's - Minister of Finance and the Economy Harold Lovell has hinted that residents may not be asked to pay more taxes as the time nears for his presentation of the 2013 Estimates of Revenue and Expenditure.

Federation Wants Action on Electricity Bills, Taxes

Federation Wants Action on Electricity Bills, Taxes

Antigua St. John's - With some businesses having to cough up $1million every month to settle their electricity bills, the Government is being asked to get expert advice on how to keep utility costs down.

Finance Minister Skeptic of ECLAC Projection

Finance Minister Skeptic of ECLAC Projection

Antigua St. John's - An economic report projecting a 2.3 per cent growth for Antigua and Barbuda in 2012 is "a little optimistic",  Finance and Economy Minister Harold Lovell has said.

Chapter of the Caribbean Growth Forum to be Launched

Chapter of the Caribbean Growth Forum to be Launched

Antigua St. John's - The Ministry of Finance, the Economy & Public Administration, in collaboration with the World Bank, the Inter-American Development Bank and the Caribbean Development Bank, will be launching the Antigua & Barbuda Chapter of the Caribbean Growth Forum (CGF) on Monday November 19 2012 at the Grand Royal Antiguan Beach Resort.

Second Budget Forum Builds on Inaugural Session

Second Budget Forum Builds on Inaugural Session

Antigua st. John's - The need for strategic planning, prioritizing and doing the best with limited financial resources were among the recurrent themes when the Ministry of Finance, the Economy and Public Administration held its sophomore Budget Forum on Monday.

100th CAB-I Approved Homebuilder Recognised

100th CAB-I Approved Homebuilder Recognised

Antigua St. John’s - Ten may have been approved after her, but Ms. Denise Knight is still the 100th homebuilder through the Construct Antigua & Barbuda Initiative (CAB-I) who is expected to benefit from approximately $150,000 in savings through the programme.

FSRC Targets 2013 Rebranding

FSRC Targets 2013 Rebranding

Antigua St. John's - The agency responsible for regulating the offshore financial and insurance sectors has moved a step closer to improving its image as part of a  rebranding initiative targeted for early next year.

ECCB Negative Growth Figures Recalled - Lovell

ECCB Negative Growth Figures Recalled - Lovell

Antigua St. John’s -  Finance & Economy Minister Harold Lovell has shot down and labeled as completely inaccurate reports from Advisor to the Eastern Caribbean Central Bank (ECCB) Sybil Welsh in July that Antigua & Barbuda had recorded a -0.24 percent growth for the year 2012 thus far.

Lovell - Fiscal Performance Improved 42 Percent

Lovell - Fiscal Performance Improved 42 Percent

Antigua St. John’s - The Fiscal performance of Antigua & Barbuda has improved by some 42 percent says Finance Minister Hon. Harold Lovell as he presented an update on the nation’s financial standings for the second time this year.

IMF Concludes Seventh SBA Review

IMF Concludes Seventh SBA Review

Antigua St. John's - An International Monetary Fund (IMF) mission led by Geoffrey Bannister visited Antigua and Barbuda during August 14–24, to undertake the combined seventh review of the program under the Stand-By Arrangement (SBA) approved by the Fund’s Executive Board on June 7, 2010 (see Press Release No. 10/232) and the Article IV consultation.

New Tax Planned On Travel

Antigua St John's - When the House of Representatives meets on Monday, a number of new pieces of legislation will be introduced, including one that will tax airline tickets for people using the VC Bird International Airport.

Regional Bidders Dominate Government T-bill Issue

Regional Bidders Dominate Government T-bill Issue

Antigua St. John's - Government's latest tranche of Treasury Bills have been oversubscribed, once again, with the majority of bids coming from regional states.

Government Hopes to Raise $35M in T-Bill Auctions

Government Hopes to Raise $35M in T-Bill Auctions

Antigua St. John’s - The Government of Antigua & Barbuda (GoAB) launched a new Treasury Bill Programme in June 2012 aimed at raising EC $35 million.

No Financial Request from Olympic Team - Williams

No Financial Request from Olympic Team - Williams

Antigua St. John's - Senator Winston Williams has responded to the Everton Barnes article which was posted today on the online news service, Caribarena under the caption, ' Athletes Leave for London Empty-Handed' by questioning its legitimacy in light of existing operational procedures within the Ministry of Sports.

Government to Introduce Incentives to Boost Manufacturing

Government to Introduce Incentives to Boost Manufacturing

Antigua St. John’s - Against the backdrop of declining economic performance and growing unemployment, government is making another effort to jump-start the economy.

Late Pay for Government Workers

Late Pay for Government Workers

Antigua St John's - Some five days into the new month and some government workers are scratching their heads over when they will be able to receive salaries earned for the month of May.

Finance Ministry Holds Debt Workshop

Finance Ministry Holds Debt Workshop

Antigua st john's - The Ministry of Finance is hosting a two-day workshop at the Heritage Hotel, facilitated by The Nature Conservancy.

Per Diem More Manageable than Credit Cards

Per Diem More Manageable than Credit Cards

Antigua St John's - The question about whether or not Antigua should employ a credit system in the place of the existing per diem system that manages the overseas spending for government ministers and officials has been met with strong resistance.

IMF Meeting Expected This Week

IMF Meeting Expected This Week

Antigua St John's - The Ministry of Finance will be hosting a team from the World Bank on May 1 and 2. The meeting is intended to review the suitability of the “4-3-2 Framework” for Antigua and Barbuda.

Lovell Provides 1st Quarter Financial Report

Lovell Provides 1st Quarter Financial Report

Antigua St John's - Minister of Finance and the Economy Harold Lovell on Wednesday reported that the government's recurrent revenue had increased by $13.1 M in the first quarter of 2012, compared to the same period in 2011.

Lovell to Speak at Economic Forum

Lovell to Speak at Economic Forum

Antigua St John's - Minister of Finance and the Economy Harold Lovell will be among economic, political, and corporate leaders from around the world at the Palm Beach Strategic Forum, presented by the International Economic Forum of the Americas.

TUC Wants Tax Changes Delayed

TUC Wants Tax Changes Delayed

Antigua St John's - The Antigua and Barbuda Trade Union Congress (ABTUC) has called on the government to delay the implementation of changes to the personal income tax.

Lovell Recaps Ministry's Successes

Antigua St John's - Harold Lovell, Minister of Finance and Public Administration Harold Lovell used the UPP's recent eighth anniversary media day to recap his department’s challenges and accomplishments.

Door Closed to Further Tax Amendments

Antigua St John's - By the end of the week, the Inland Revenue Department (IRD) will have the final guidelines ready for businesses ahead of the April 2 implementation of taxes on allowances and benefits.

Chamber Says Tax Loophole Still Exists

Antigua St John's - For government to successfully and effectively move forward with closing the loopholes in its income tax collection legislation, it must first put a cap on a particular section that self-employed professionals have capitalized on since 2004.

Inflation Rate for February 2012

Antigua St John's - The annual rate of inflation was measured at 5.2 percent in February 2012. Food prices increased by 4.9 percent over the 12-month period ending in February 2012.

Debt Profile Report Released

Debt Profile Report Released

Antigua St John's - The Ministry of Finance has released a report on Antigua & Barbuda’s debt portfolio from 2006 to 2010, compiled by the Eastern Caribbean Central Bank’s Debt Management Advisory Service Unit in collaboration with the Antigua and Barbuda Debt Management Unit.

Accountant Criticizes Govt's Decision

Antigua St John's - The government’s decision to “leapfrog” Antigua’s 2007-2009 accounts could have far-reaching implications, according to Institute of Chartered Accountants of the Eastern Caribbean (ICAEC) representative Cassandra Simon.

Time To Face Realities

Antigua St John's - Time to face realities. That is the stark message delivered to Antigua & Barbuda by Everett Christian, project manager for the government’s revenue reform programme.

Govt Leapfrogs to 2010 Accounts

Antigua St John's - Finance Minister Harold Lovell has announced that the government has opted to temporarily forego updating the country's 2007-2009 accounts, and instead complete the records for 2010 and submit those to the director of audit.

Division Preparing for Free Circulation of Goods

Antigua St John's - The Trade Division held a national seminar on the free circulation of goods in the OECS Economic Union on February 15 and 16 at the City View Hotel.

Browne Weighs in on Tax Changes

Antigua St John's - Antigua Labour Party (ALP) Chairman Gaston Browne has shared his opinion on pending changes to the tax collection structure.

Lovell Confronts Lone Wolf Protesters

Lovell Confronts Lone Wolf Protesters

Antigua St John's - Lone wolf protesters took to the streets again this week but diverted from their usual march spot outside the Chinese Embassy and instead converged at the office of Finance and the Economy Minister Harold Lovell.

Pensioners Await Airport Tax Exemption

Pensioners Await Airport Tax Exemption

Antigua St. John’s - The Ministry of Finance and the Pensioners Association have not reached agreement on a system to protect the country’s elderly from the Airport Administration Charge that took effect November 1.

Social Security to Raise $30M on RGSM

Social Security to Raise $30M on RGSM

Antigua St. John's - The board of directors of the Social Security Scheme and the Ministry of Finance have reached agreement to raise $30 million on the regional market to provide liquidity to the statutory corporation.

Hefty Fines For Illegal Container Removal

Hefty Fines For Illegal Container Removal

Antigua St. John's - Cool and Smooth has been fined EC$106,144.20 for its role in the illegal removal of one of its containers from the port on May 25.

Attorney Demanding Official Receipts

Attorney Demanding Official Receipts

Antigua St John's - An Attorney reportedly on 2 or 3 occasion when he was at the court room, his cell phone rang and he was instantaneously ordered to pay $250 fine, he was never given any receipt.

No Gas Yet for Fisherfolk

No Gas Yet for Fisherfolk

Antigua St John's - Reliable sources have informed Caribarena.COM that despite the hoop-la surrounding the grand opening of the new Fishermen’s Co-operative gas station on Thursday April 19, no fuel is actually available for sale to fisher-folk.

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