The government is projecting $1.49 billion in total revenue for 2026, with the Antigua and Barbuda Sales Tax (ABST) expected to remain the single largest contributor at $506.9 million, Prime Minister Gaston Browne announced during Thursday’s budget presentation.
Browne outlined the full revenue framework for the upcoming fiscal year, breaking down both tax and non-tax income streams that will support government operations and investment programmes.
ABST accounts for roughly one-third of projected revenues, reflecting continued growth in consumer spending and business activity.
Other key tax sources include corporation tax, import duties, withholding tax, stamp duties, and the travel tax, which together form the backbone of the government’s tax intake.
Browne said the administration is pursuing improved compliance and updated digital systems within the Inland Revenue Department and the Customs and Excise Division to ensure more reliable collection.
On the non-tax side, the government expects $427.7 million, driven primarily by the Citizenship by Investment Programme (CIP), which is projected to bring in $120 million next year.
Dividends from state-owned enterprises, fees, licences, and other government services also contribute to the non-tax category.
Browne said the stronger revenue environment reflects an expanding economy that is forecast to grow by 5 percent in 2026, alongside rising tourism earnings, construction activity and imports. He noted that improved fiscal performance has already helped reduce the debt-to-GDP ratio and placed Antigua and Barbuda in its strongest financial position in years.
The revenue estimates will be debated in Parliament next week as the 2026 budget discussion continues.
