5 July 2019
WYG is leading an international consortium to implement a €2.3m project that will contribute to the reform of tax administration and public finance management in Antigua and Barbuda.
Working directly with the national government, BDO LLP, and the Chartered Institute of Public Finance and Accountancy, our International Development team will provide technical assistance to upgrade software and works processes within the European Union-funded project over the next 24 months. The project aims to strengthen the country’s public finance management systems, particularly with regards to budgeting and revenue administration reform.
Until just a few years ago, Antigua and Barbuda boasted one of the Caribbean’s wealthiest economies, thanks largely to its tourism and offshore financial services. In the wake of global economic crises and the devastating impact by 2017’s Hurricane Irma, however, the government has since worked towards reconstruction and strengthening the nation’s macro-economic position and public sector management.
Chris Rowe, Project Director and Divisional Director, PFM & Governance, International Development, WYG, said: "The support we are providing Antigua and Barbuda is going to help the country move forward with some critical reforms to the budget process and improve the tax and non-tax revenue administration and systems. It will not only generate extra resources to fund important investments, but also achieve greater fiscal discipline, allocation efficiency, and value for money."
Marina Duka, Project Backstopping Coordinator, said: “We are delighted to be given the opportunity to support the long-standing partnership between the European Union and Antigua and Barbuda. We will strengthen the government’s capacity to collect more and spend better, stretching limited resources to fund development priorities in a sustainable manner.”
In addition to technical assistance, the project will procure an updated version of the currently used Integrated Tax Administration System (SIGTAS), which automates the administration of all taxes and licenses using a single comprehensive information system. It will also add additional modules to the existing Automated System for Customs Data (ASYCUDA).
Software updates and upgrades will contribute to greater transparency in registering, processing and payments of taxes and customs. This will enable closer integration of the budget execution and revenue management system.
Marina added: “Gender mainstreaming is a cross-cutting component to the project, where we will set foundations for gender-sensitive budgeting and help integrate gender inequality issues into government policies and interventions.”
As the nation works its way towards financial wellbeing, its other public sector investment priorities include optimising generation of national wealth, enhanced social cohesion, improving the health of the natural environment and sustained cultural assets, and enhancing citizen security.
For any further information about the project, please contact Marina Duka, Business Development Executive, WYG at E: email@example.com.