Tuesday, June 28, 2022
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GOVERNMENT REVENUE DOWN

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Former Minister of Finance and Prime Minister Dr Ralph Gonsalves, a former Minister of Finance, says that the report on the fiscal operations for the Central Government for the period ending February 2022, shows another fall in government revenue.

He said, on Radio this week, that the numbers in the report, which he received on March 15, suggest that the government’s revenue was lower this year than for that in 2021 and 2020. 

February 2022 figures were about EC$10 million less than what was generated in 2021, Dr. Gonsalves said. 

The prime minister explained that the economy was saved by property sales, including one major one in Mustique in 2021.

Collections recorded at the end of February 2022 on the current revenue amounted to EC$86.8 million, compared to EC$96.9 million in 2021, a EC$21 million shortfall which the Prime Minister described as significant.

Dr. Gonsalves registered his intention to conduct an interrogation with personnel within the Ministry of Finance to determine if there were any reportage issues. 

“But surely, the numbers are down February to February,” he reiterated. 

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