{"id":121505,"date":"2020-12-22T09:07:23","date_gmt":"2020-12-22T13:07:23","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=121505"},"modified":"2020-12-22T09:07:23","modified_gmt":"2020-12-22T13:07:23","slug":"nevis-premier-mark-brantley-steering-nevis-toward-economic-recovery-post-covid-19","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/nevis-premier-mark-brantley-steering-nevis-toward-economic-recovery-post-covid-19\/","title":{"rendered":"NEVIS: Premier Mark Brantley steering Nevis toward economic recovery post COVID-19"},"content":{"rendered":"
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Charlestown, NEVIS (December 21, 2020)-\u00a0 \u00a0In the face of the COVID-19 global pandemic that has decimated the island\u2019s revenue streams, Premier Mark Brantley\u2019s vision and foresight handling the health and economic crises has ensured Nevis\u2019 survival during this difficult period.<\/p>

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\u201cI think this pandemic has tested leaders throughout the world in a very serious way. Nevis is no different\u201d Brantley says.<\/p>\n

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\u201cNine months on, Nevis is still standing; I think this is testimony to the strength of the leadership that we\u2019ve had in Nevis at all levels, not just from my office, but also members of Cabinet and the various government and related agencies\u00a0and those in the private sector as well.\u201d<\/p>

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Before the pandemic struck in March 2020, Nevis\u2019 main economic driver Tourism, was poised to outperform previous years with a record number of tourist arrivals projected.<\/p>

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However when St. Kitts and Nevis closed its borders at the end of March, and like nations worldwide went on lockdown, tourism activity came to a screeching halt. Hundreds of Nevisians were left on the breadline when the flights disappeared from the skies and hotels, restaurants, tours and attractions were forced to close their doors.<\/p>\n

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The Premier proved his leadership mettle, leading the Nevis Island Administration (NIA) through unchartered waters of having to ensure the economic survival of not just the government, but every citizen and resident on Nevis.<\/p>

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In a show of solidarity with the many persons left jobless due to the pandemic, Premier Brantley, in an unprecedented act of self-sacrifice, gave up his entire salary and all allowances since March, 2020 and even now continues to forgo that salary. He says he shall do so until Nevis is past the worst.<\/p>\n

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The entire NIA Cabinet also made personal sacrifices, giving up 10% of their salaries for three months, and\u00a0contributing $13,500 of personal funds each month to assist families during the COVID-19 pandemic. This, with other contributions from concerned citizens and residents, was used to finance food vouchers for some 623 families over a three-month period.<\/p>

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Premier Brantley\u2019s administration quickly launched several stimulus initiatives and wide sweeping concessions to ease the financial pressure of affected households.<\/p>

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On December 8 the Premier revealed a budget for fiscal year 2021, devoid of new or\u00a0increased taxes,\u00a0as a post COVID-19 incentive to stimulate economic expansion and encourage growth.<\/p>\n

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COVID relief fiscal incentives for several sectors implemented in 2020 have also been extended into the new year to help spur economic activity.<\/p>\n

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Brantley, Finance Minister in the NIA, said against the backdrop of a $20.46 million or 17.84% decrease in recurrent revenue as at 31 October 2020,\u00a0the Nevis government successfully contained the increase in its total debt during 2020\u00a0to 4.35 %.<\/p>\n

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\u201cI wish to report that despite the significant decline in revenue collections in 2020, your Government was ever prudent in its expenditure management and was able to limit the extent of any new borrowings.<\/p>\n

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\u201cWe will always endeavour to keep our indebtedness in check and seek out low cost or concessionary financing whenever there is a need to incur new debt.<\/p>\n

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\u201cThis Government seeks to be fiscally conservative and therefore any increase in debt at any level is unwelcome. However, given the twin problems of upward pressure on unbudgeted expenditure caused by high expenditure in healthcare and education and the downward pressure on revenue caused by the closure of our tourism and allied industries, I believe that we can be proud that we kept the increase in total debt to less than 4.4%,\u201d he said via his Budget Address.<\/p>\n

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Premier Brantley says with the country\u2019s border now re-opened to regional and international travellers, and the approval of COVID-19 vaccines, the focus is now on\u00a0rebuilding Nevis\u2019 economy in the post COVID-19 era.<\/p>\n

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\u201cMy Government pledges to work steadfastly and diligently to ensure that Nevis is set firmly on a path to recovery that is both sustainable and inclusive.<\/p>\n

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\u201cWe will continue to implement timely, targeted, and balanced fiscal policies to support our recovery in our quest to build resilience, stimulate sustainable growth and ensure an entrenched culture of inclusion.<\/p>\n

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\u201cWe all look forward to the end of this crisis and a return to some level of normalcy. As your people-centred Government, we ask you our people to keep the faith, to continue to support your Government as together we will work hand in hand to overcome these difficulties. Together we will work to build a better and brighter Nevis for ourselves and the future generations.\u201d<\/p>\n

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Charlestown, NEVIS (December 21, 2020)-\u00a0 \u00a0In the face of the COVID-19 global pandemic that has decimated the island\u2019s revenue streams, Premier Mark Brantley\u2019s vision and foresight handling the health and economic crises has ensured Nevis\u2019 survival during this difficult period.   \u201cI think this pandemic has tested leaders throughout the world in a very serious 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