ST. JOHN’S, Antigua, CMC – The Baldwin Spencer led administration is boasting a 500 per cent improvement in the fiscal performance for the first quarter of 2013 compared to the same period last year.
Finance and Economy Minister Harold Lovell said this was largely due to an almost 24 per cent drop in expenditure from the previous EC$172.6 million.
“The overall fiscal performance for the period January to March 2013 improved by about 502 per cent from a deficit of $7 million in 2012 to a surplus of $28.4 million in 2013,” Lovell said on Wednesday at the quarterly fiscal review hosted by his ministry.
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