Prime Minister Gaston Browne says he is not ruling out the option of introducing a new tax to fund the operations of the fourth landed campus of the University of the West Indies at Five Islands.
Browne who is also finance minister was speaking on the challenges associated with funding a university.
He said while the funding will be a challenge, it can be done.
“The truth is we are fiscally challenged but we
“I have to admit that maintaining a university will be a challenge, but I am confident that we are creative enough to raise the funding,” he added.
The prime minister told listeners that imposing a new tax on corporations or insurance companies are two options on the table.
He has also suggested introducing an across the board levy for all residents to pay.
“If it comes to a situation where we have to introduce some form of tax
He said such a tax will be “in their interest and in their children’s interest and future generations so that we can train them to ensure that we have a cadre of qualified and competent people who can preside over the transformation of this country into an economic powerhouse.”
Browne said there are 1100 Antigua and Barbuda students studying at various institutions costing the state more than 20 million dollars annually.