Treasury Department to Undergo Major Restructuring

Treasury Department to Undergo Major Restructuring

The Cabinet of Antigua and Barbuda has approved a comprehensive restructuring and modernization plan for the Treasury Department, aimed at improving financial management, accountability, and operational efficiency within the public finance system.

The announcement followed a detailed presentation to Cabinet by the Accountant General and members of his team, outlining both the department’s current structure and proposed reforms.

According to Director General of Communications Maurice Merchant, the new framework will streamline the department by reducing its existing six divisions to four key functional areas — financial management, cash management, financial control, and accounting — each to be led by senior officers.

Merchant said the restructuring is designed to “enhance financial management, improve accountability, and ensure greater operational efficiency within the public finance system.”

The Treasury modernization initiative forms part of the government’s broader public finance reform agenda, which seeks to strengthen fiscal oversight, improve service delivery, and align the country’s financial administration with international best practices.

Officials say the reforms will also support greater transparency and more efficient management of public funds, ensuring that financial reporting and expenditure control processes meet the standards expected by local and international partners.

Further details on implementation timelines and capacity-building measures are expected to be announced in the coming weeks.

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