The Antigua and Barbuda Customs and Excise Division has recorded a noteworthy financial milestone, reporting $327 million in revenue during the first ten months of the year—an impressive 9.11% increase from the same period last year.
The trajectory suggests a historic breakthrough, with government revenues from customs on track to surpass $400 million for the first time in history.
The surge is primarily attributed to a thriving construction sector, driving the importation of various building materials.
The head of the customs department, Boddu, recommends exploring reduced import taxes to enhance affordability for the public, emphasizing the need to continue collecting the Antigua and Barbuda Sales Tax (ABST).
This financial success underscores the ripple effect of the construction boom on overall economic performance.
