Antigua and Barbuda Posts Major Fiscal Surplus as PM Browne Presents 2026 Budget
Prime Minister Gaston Browne says Antigua and Barbuda has recorded one of its strongest fiscal performances in modern history, announcing a primary surplus of $254.9 million and an overall surplus of $116.3 million as he presented the 2026 national budget on Thursday.
Browne told Parliament the surpluses reflect a decisive turnaround from the deficits inherited 11 years ago and mark a period of disciplined fiscal management, steady economic expansion and increased revenue flows across key sectors.
“A primary surplus of more than a quarter billion dollars shows that we are covering all our expenses, including interest payments, and still have money left over,” Browne said, calling the figures evidence of a resilient and well-managed economy. He added that Antigua and Barbuda has moved from borrowing heavily just to function to generating consistent surpluses available for investment.
According to the Ministry of Finance, the government’s debt-to-GDP ratio now stands at 61.4 percent — down from what Browne said was an effective level of 120 percent when his administration took office. The Prime Minister told legislators the improved fiscal outlook positions the country to advance major public investments, strengthen social programmes and protect vulnerable households.
He noted that the surpluses come amid sustained economic growth, a rebound in tourism, increased construction activity and higher import volumes. Government officials say stronger tax compliance and post-pandemic recovery trends have also supported revenue performance.
The budget, themed “People-Centered Growth and Development,” outlines new commitments for education, healthcare, housing and infrastructure, all of which Browne said will be underpinned by the country’s healthier fiscal position.
Parliament will begin debating the budget next week.
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