Opposition outlines plans for revitalising economy
Jan 09, 2013
ST JOHN’S, Antigua, CMC – The main opposition Antigua Labour Party (ALP) has unveiled a “rescue plan” for the island that it says will generate an additional EC$100 million (One EC dollar = US$0.37 cents) annually.
Opposition Leader Gaston Browne responding to the 2012-13 tax free national budget presented to Parliament last month by Finance Minister Harold Lovell, said the additional revenue would come as a result of consolidating ministries and legislating a mandatory investment in the country by offshore financial banks.
When he presented the budget in December, Lovell told legislators that the Baldwin Spencer administration would be vigilant in its collection of taxes.
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