The Inland Revenue Department (IRD) of Antigua and Barbuda has announced record revenue collections of $671 million for 2024 — the highest ever. This marks strong growth compared to previous years and shows the country’s economy is performing well. The IRD credits the increase to better tax collection methods, stronger compliance, and the success of key sectors like tourism and financial services.

This boost in revenue gives the government more resources to invest in public services like education, healthcare, and social programs. It will also help reduce the national debt and support long-term economic growth.

The IRD says it plans to build on this success by using new technologies and strategies to make tax collection even more efficient, cut down on tax evasion, and ensure fairness across the system. Their goal is to create a strong and stable revenue base for Antigua and Barbuda’s future.