AGP Executive Report
Last update: 5 minutes agoPublic Finances: Prime Minister Godwin Friday warned that public debt could reach 140% of GDP by 2030 without corrective action. He cited a 12% fiscal deficit in 2025, EC$178 million in unpaid bills and an overdraft above Parliament’s legal limit. Cruise Tourism: SVG has signed a 30-year deal with Global Ports Holding to manage and expand its cruise ports. The company must invest at least US$20 million in Kingstown and US$60 million in a second phase, while the facilities remain government-owned. Tourism Investment: Royal Caribbean’s planned US$3 billion purchase of a 50% stake in Sandals and Beaches includes resorts in SVG and access to more than 1,000 acres of undeveloped Caribbean land, opening scope for future regional development. Household Finances: NIS pensions are set to rise in January 2027, with contributory increases tied to inflation and minimum pensions increasing 25%, from EC$80 to EC$100 a week.
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