Nevis Premier Brantley presents $239.7million budget for 2020

Share on facebook
Share on google
Share on twitter
Share on linkedin

NIA CHARLESTOWN NEVIS (December 03, 2019) (SKNVIBES)

Hon. Mark Brantley, Premier of Nevis and Minister of Finance in the Nevis Island Administration, presented a $239.7million budget free of new taxes, when he delivered the 2020 Budget Address in two and a half hours, at a sitting of the Nevis Island Assembly in Chambers at Hamilton House on December 03, 2019.Under the theme “Building Resilience, Improving Infrastructure for long-term development, a harmonised approach to economic growth.

“We have allocated the amount of $170.3 million to recurrent spending representing a reduction of 5.6 percent when compared to the allocation of $180.4 million for recurrent spending for fiscal year 2019. Recurrent spending for the upcoming fiscal year therefore, comprises 71.05 percent of the total budgeted expenditure,”.Regarding revenue collection, Mr. Brantley noted that $139.5 million represents a projected increase of 1.2 percent.

 

Leave a Replay

X