Dominica (March 2006), Antigua and Barbuda (January 2007), St. Vincent and the Grenadines (May 2007), Grenada (February 2010), St. Kitts and Nevis (November 2010), St. Lucia (October 2012). In Anguilla in 2012, CARTAC provided support with its preparations for the introduction of a Goods and Services Tax in 2014. The government is considering a broad-based GST/VAT, possibly to be implemented in two phases – Limited VAT in 2021 and full VAT in 2023/4.
Analysis was derived from the PEFA assessments conducted from 2013–2016 in Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat and St. Kitts and Nevis. Dominica and St. Kitts assessments while finalized were yet to be peer reviewed. As defined in the IMF Good Practice Note (GPN) on ‘Sequencing PFM Reform’ (Diamond, 2013).
FMC – Financial Management in the Caribbean program financed by Canada and executed by the Fiscal Affairs Department (FAD).
The revision of travel services was the main driver of the improvement of the current account in the BPM6 revised data. Travel services were underestimated in the former BOP statistics.