St. Vincent presents EC$1.85 Billion 2025 budget without tax increases

Minister of Finance Camillo Gonsalves has announced that the government of St. Vincent and the Grenadines will implement its EC$1.85 billion budget for 2025 without increasing taxes or fees.

The commitment was made during his budget presentation to Parliament, where he also highlighted the government’s achievements in 2024 despite the challenges posed by Hurricane Beryl. “We are already recovering. We are already rising again, and we are energetically building a stronger, more resilient, more inclusive, more sustainable St. Vincent and the Grenadines,” Gonsalves told Parliament on Monday.

The finance minister emphasized that 2024 showcased the government’s dedication to addressing urgent needs while pursuing long-term development goals. He highlighted the swift response to Hurricane Beryl, which directly affected 19,000 people, describing the government’s actions as both “tireless and compassionate.” While noting the extraordinary efforts required to balance disaster recovery with competing developmental priorities, Gonsalves stated, “This government has worked hard, has worked smart, and has worked well in the people’s interests.”