Nevis Premier Brantley presents $239.7million budget for 2020

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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.


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