Financial Secretary says St. Kitts and Nevis Maintains Debt Payments as CBI Dependence Falls
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Financial Secretary says St. Kitts and Nevis Maintains Debt Payments as CBI Dependence Falls
Financial Secretary says St. Kitts and Nevis Maintains Debt Payments as CBI Dependence Falls
Post Credit: VON Radio
St. Kitts and Nevis’ economy remains on a “solid” footing, with the government continuing to meet its debt obligations while moving to reduce its dependence on Citizenship by Investment (CBI) revenue.
That’s according to, Financial Secretary Carlton Pogson, speaking on this week’s In Focus program. He shared the following on the government’s debts:
He continued:
Pogson also pointed to a 10.9% year-on-year increase in tax revenue through June as another indicator of economic resilience. However, he acknowledged the challenge posed by the future of CBI. The programme accounted for about 49% of projected government revenue in an earlier budget, but that figure was reduced to 28% in the 2026 budget.
With the European Union calling for Eastern Caribbean countries to exit CBI by 2028, Pogson said government is pursuing alternative economic pillars, including tourism, renewable energy, agriculture and small business.
The IMF projects economic growth of 2% in 2026 and 2.5% in 2027. Meanwhile, preparations for the 2027 budget have begun early, with public consultations planned to inform spending priorities.