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‘Lower tax revenue leaves over $20M in pockets of Vincentians’

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Minister Bruce

Minister of Agriculture Israel Bruce during the budget estimates on Thursday, addressed the issue of taxes by performing a “comparative analysis” to argue that the current government is easing the financial burden on citizens.

He cited the projected tax revenue for the 2026 fiscal year as $762,621,212 and contrasted this figure with the previous administration’s 2025 budget estimates, noting that they had anticipated collecting $788 million in tax revenue.

Bruce said that the difference between these figures represents a deliberate choice by the government.

“By projecting $762 million instead of $788 million, the government is prepared to leave “over $20 million in the pockets of poor people in this country”.

The Minister stated that this lower tax collection target as evidence that the current administration is a “government with a heart,” demonstrating a willingness to ease the burden on taxpayers despite facing “steep financial circumstances”.

In the same context of financial relief, he highlighted that the government had delivered a “VAT free holiday” and salary bonuses as promised.

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Ernesto is a senior journalist with the St. Vincent Times. Having worked in the media for 16 years, he focuses on local and international issues. He has written for the New York Times and reported for the BBC during the La Soufriere eruptions of 2021.
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