St. Kitts and Nevis Projects a Decline In Revenue for 2019

• The government of St Kitts and Nevis is projecting a 29% drop in revenue in 2019, according to the Caribbean Development Bank (CDB).
• In its outlook for St Kitts and Nevis for 2019, the CDB also stated that the government is targeting a lower primary surplus, with total revenue expected to decline by 8.1% and total expenditure likely to grow by 5.7%.
• The decline in revenue will be caused by a projected 29.1% contraction in non-tax revenue from mainly the Citizenship by Investment (CBI) receipts. While capital expenditure is expected to grow by 21.8%, with one-third of the funds being earmarked for improving the public infrastructure.
• Kitts primary surplus is projected to fall to 2.1% of Gross Domestic Product in 2019.

 (Source: Caribbean News Now)