Poverty & Social Development: A Caribbean Perspective

Fiscal Prudence has Never Been a Smooth Road
When pushing the arguments for fiscal prudence, governments are never left off the hook, given the many challenges that come with the necessity to maintain long-term sustainability in expenditure programs and finances.
And at times, it comes with no surprises that the recurring problematique liaised with prospects of growth and poverty rates are always standing firm, as the implementation and development of fiscal policy have to weigh-in a mix of variables to address the sustainability and delivery of public services, and infrastructures.

Under such conditions, talking about adjustments is a no brainer, specifically if we look into Antigua & Barbuda’s approach to reconcile their fiscal gap; a proposal that is set in motion between two fiscal measures, i.e., the Antigua & Barbuda Sales Tax (ABST), and the Personal Income Tax (PIT). The main questions are how to adapt variations in terms of government’s expenditures and revenues, and fashion effective monetary policies to sustain growth and comprehensive development strategies… More>>>