Prime Minister Gaston Browne has announced a transformative fiscal blueprint for 2026, characterizing it as the most socially conscious budget in Antigua and Barbuda’s history. The comprehensive economic plan, presented under the banner “People-Centered Growth and Development,” represents a strategic shift from economic stabilization to widespread social prosperity.
Addressing Parliament on Thursday, Browne revealed impressive economic indicators supporting this ambitious agenda. The nation anticipates 5% economic growth in 2026, with gross domestic product approaching $7 billion. Fiscal metrics show remarkable improvement: a primary surplus of $254.9 million, overall surplus of $116.3 million, and debt-to-GDP ratio declining to 61.4%—nearing the Eastern Caribbean Currency Union’s 60% target for the first time.
The administration’s economic transformation narrative highlights a journey from survival borrowing to surplus generation enabling substantial public investment. Strategic developments in tourism infrastructure, construction projects, housing initiatives, water systems, and port modernization have created broad-based economic momentum.
Social program enhancements form the budget’s cornerstone. Commitments include fully subsidized university education at the upgraded University of the West Indies Five Islands Campus, government-covered secondary education examination fees starting 2026, and expanded affordable housing options. The measures further incorporate wage and pension increases alongside continued subsidies for essential commodities including fuel, electricity, and staple food items.
Healthcare receives significant attention with allocated funding for a new $10 million renal treatment center and the revitalization of cancer care facilities. Infrastructure development focuses on road network improvements, enhanced water production capabilities, and climate-resilient construction to address hurricane vulnerabilities.
While acknowledging persistent global economic challenges, Browne emphasized national resilience achieved through strategic planning and disciplined fiscal management. The Prime Minister urged continued stability, noting that sustained progress requires consistent commitment rather than occurring automatically.
Ministers will provide detailed departmental breakdowns when parliamentary budget debates commence next week.