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Pandemic continues to send gov't revenues plummeting - Antigua Observer Newspaper


Pandemic continues to send gov’t revenues plummeting
By Orville Williams
With the Covid-19 pandemic reducing government revenue by at least 40 percent, officials from the Ministry of Finance have warned that there are challenging days to come, until the country’s economic fortunes take a turn for the better.
According to this week’s post-Cabinet report, many of the government’s borrowing sources have been “fully exhausted”, while the moratoria granted to the state by local banks will soon come to an end.
The shutdown of the travel and tourism industries for several months undoubtedly played the biggest role in this economic downturn, leaving the administration scrambling to gather resources from all avenues. ....

Antigua And Barbuda , Molwyn Joseph , Lennox Weston , Robin Yearwood , Orville Williams , Melford Nicholas , National Asset Management Company , Minister Melford Nicholas , Prime Minister , Deputy Minister , Minister Lennox Weston , Sir Molwyn Joseph , Sir Robin Yearwood , Sunshine Hub , Friars Hill Road , Sir George Walter Highway , Sir Sydney Walling Highway , ஆன்டிகுவா மற்றும் பார்புடா , லெனாக்ஸ் வெஸ்டன் , ராபின் ஆண்டு மரம் , ஆர்வில் வில்லியம்ஸ் , மெல்ஃபோர்ட் நிக்கோலஸ் , தேசிய சொத்து மேலாண்மை நிறுவனம் , அமைச்சர் மெல்ஃபோர்ட் நிக்கோலஸ் , ப்ரைம் அமைச்சர் , துணை அமைச்சர் ,

The word on the street


The word on the street
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The word on the street is that the ruling Antigua Barbuda Labour Party (ABLP) is conducting polls to gauge the sentiment of the people in a number of constituencies.  This is perhaps an early sign that elections are in the offing. Of course, for world-weary and frustrated Antiguans and Barbudans, the next election cannot come soon enough. The people are sorely disappointed, and
much disillusionment has set in. This is an administration that was granted a second term with so much promise, but it has produced so precious little.
As you can imagine, the temptation will be there to pin the blame for the shocking underperformance of this administration on the pandemic, but that argument will not suffice.  The regime was already running on fumes prior to Covid-19, and with the very first puff from the virus, it was down for the count.  Since that time, it has only gone downhill – pensioners are crying out for their monies, as ....

Antigua And Barbuda , Parliament For St , Investment Programme , Antigua Barbuda Labour Party , Independence Avenue , Sunshine Hub Car Park , Friars Hill Road , Sir George Walter Highway , All Saints West , Rural North , ஆன்டிகுவா மற்றும் பார்புடா , பாராளுமன்றம் க்கு ஸ்டம்ப் , முதலீடு ப்ரோக்ராம் , ஆன்டிகுவா பார்புடா தொழிலாளர் கட்சி , சுதந்திரம் அவென்யூ , ஃப்ரையர்ஸ் மலை சாலை , ஐயா ஜார்ஜ் வால்டர் நெடுஞ்சாலை , அனைத்தும் புனிதர்கள் மேற்கு , கிராமப்புற வடக்கு ,