Here is a list of actions the Antigua government has taken to combat prices and inflation

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Here is a list of actions the government has taken to combat prices and inflation:

  1. Buffering Impact of Global Factors:
    • The government highlighted that the inflation experienced since January 2022 was attributed to global factors, such as rising fuel and commodity prices.
    • Emphasized that government policies served as a significant buffer, mitigating more challenging circumstances for the nation.
  2. Monitoring and Assessment:
    • Referenced the IMF Article IV assessment on Antigua and Barbuda as a tool to understand and analyze economic conditions, particularly in relation to inflation.
  3. Domestic Inflation Improvement:
    • Noted a moderation in domestic inflation from a peak of 9.2% in December 2022 to 5.6% in September 2023, attributing it to a global easing of price levels.
  4. Policies to Ease Import-Driven Inflation:
    • The government is implementing policies to ease import-driven inflation across all sectors of society.
  5. Addressing Fuel Subsidies:
    • Maintained a 25% fuel subsidy to bus and taxi operators from January 2022 to September 2023, costing $7.6 million.
    • Distributed over 170,000 vouchers to bus and taxi operators, along with approximately $9 million in LPG subsidies for consumers.
    • Total proactive spending of over $16 million between 2022 and September 2023 to keep public transportation and cooking gas costs unchanged.
  6. Social Programs for Vulnerable Individuals:
    • Delivered social programs by PDV Caribe Antigua and the Social Protection Board to support vulnerable individuals and households.
    • Approximately 10,000 individuals and households received support through various programs, with an estimated cost of $8.5 million in 2023.
  7. Maintaining Stable Prices of Gas and Diesel:
    • Kept the prices of gas and diesel at the pump largely unchanged.
    • Maintained the lowest rates in the ECCU region at $13.99 per gallon for gasoline and $14.25 per gallon for diesel.
    • This was done at a cost of about $15 million in foregone consumption tax revenue.
  8. Proactive Approach to Alleviate Impact:
    • Demonstrated a proactive approach to alleviate the impact of rising prices on imported goods, reflecting a commitment to the welfare of the people.
  9. December Salaries and Wages:
    • Highlighted that the government has already paid December salaries and wages, indicating prompt action in addressing economic challenges.

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7 COMMENTS

  1. 9. December Salaries and Wages:
    Highlighted that the government has already paid December salaries and wages, indicating prompt action in addressing economic challenges.

    That doesn’t mean a thing to civil servants. We are accustomed to getting paid early in December. What would have made a difference is an extra salary for Christmas. HELLO!!

    And give those who chose life over death there two months salary that you heartlessly took from us.
    Do what is right. The wrath of God is not easy.

  2. in the case of high inflation, most countries will try to slow the growth of their economy by raising taxes (not to the extent of causing a recession).

    To even expound the “projected growth ” is contradictory because our nation is not doing well…
    The governor of the Central Bank probably thinks his job is ceremonial.

  4. Nothing to see here really. Just another attempt at grandstanding and looking for non-existent points to beat their chest.
    The fact is, the idiot PM and finance minister has done absolutely NOTHING for this country. The only thing the a++kissers can talk about is UWI Fivd Island, but that is costing tax payers a pretty penny, just like the Alpha Nero.
    These are not tangible benefits for people like St. Kitts and Nevis.
    @Enquiring mind, I am with you 100%. Those who choose life over death. Well said. Pay them their damn money. But this clown is too dumb and arrogant to admit he mandated poisons on the people of this country. How many of the young will drop before there is an investigation into what the rest of the world knows about the killer shots?

  7. The information presented is just gibberish. What was the proactive approach to alleviating the impact of the cost of importing goods? How did paying salaries become something to be praised? Where is the evidence that anything has been done to address the nasty practice of driving up goods locally and then blaming inflation as if no one shops online and we don’t know that bread had no reason to go up in price 3 times in 2 months.

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