Prime Minister Gaston Browne vows to counteract the potential impacts of a 2% Antigua and Barbuda Sales Tax (ABST) hike on local consumers.
The Ministry of Finance proposed the increase, prompting Browne to assure protection for essential items in the consumer basket, shielding the vulnerable.
If implemented, the government aims to synchronize the increase with a reduction in inflation, targeting around 5.6%
Browne envisions bringing inflation below 4% by the end of the first quarter of the following year.
While the government contemplates the tax increase, the United Progressive Party (UPP) has expressed dissent. Criticizing the lack of public consultation, the UPP opposes unilateral decisions with significant financial implications, especially amid economic challenges.
The UPP calls for broad consultations with taxpayers, unions, and trade bodies and warns of potential mass protests if collaboration is neglected.
