Government Projects 4% Economic Growth for Upcoming Fiscal Year
The Government of Montserrat is projecting a 4% economic growth for the upcoming fiscal year.
Premier and Minister of Finance, Honourable Reuben T. Meade, made the announcement Tuesday as he presented the 2025/26 Budget.
Premier Meade said the island’s economy is principally dominated by the Public Service, where budgetary assistance accounts for more than 60% of recurrent revenues.
This over-dependence he says undermines the island’s fiscal self-reliance.
Premier Meade outlined a suite of fiscal relief measures government will undertake to help ease the financial burden for residents