News

The Government of Montserrat will soon commence work to revise the current pension scheme. This was revealed by Premier the Hon. Reuben T. Meade at the 2026 Budget Speech on April 20th. The premier says this measure forms part of the government’s push to prioritize people, especially the vulnerable and retired. He also noted that plans are underway to explore allowing the Social Security Fund to make government pension payments, enabling ease of navigation for pensioners.

The 2026/27 budgetary package continues to reflect the government’s commitment to the strengthening of fiscal sustainability while ensuring the effective delivery of public services. So says Premier and minister for finance and economic development Rueben T. Meade, who presented a $345.93 million budget in parliament on Monday. He stated that to compliment the package, the capital budget is directed towards financing critical infrastructure, asset development, and strategic investment that support long-term economic growth and national resilience. The Montserrat leader of government business emphasized that together, these allocations ensure that government not only meet its immediate obligations, but also advances key development priorities for the future. Premier Meade explains what the budget allocations mean for the people of Montserrat

Premier and Minister for Finance, the Honourable Reuben T. Mead, presented a $345.95 million budgetary package in Parliament on Monday. The total recurrent revenue is projected at $183.32 million, reflecting an increase over the revised 2025-26 estimates. This comprises local revenue of $62.36 million, or 34%, and budgetary aid of $120.96 million, or 66%. The Capital Investment Programme for 2026-27, he says, includes the continuation of the CIPREG programme, other FCDO funded projects, legacy EU-EDF projects, CDB, ECCB, among other programmes.