Premier of Nevis the Honourable Mark Brantley
Minister of Finance in the Nevis Island Administration
Budget Address 2025 for Fiscal Year 2026
Delivered on December 02, 2025
Madam President, I beg leave to move the second reading of the bill shortly entitled the Appropriation Ordinance, (2026) 2025.
It is truly an honor and a privilege for me this morning to rise and present this budget under the theme “A Purpose Driven Agenda: Building our Sustainable Future”.
Madam President, the budget that I present today reflects our collective commitment to responsible governance and prudent fiscal management. This exercise annually affords us the opportunity to account for our stewardship while providing the opportunity for us to seek approval for the implementation of our plans and proposals for the upcoming fiscal year. The programs I will outline seek to lay the framework for development in a manner that harmonizes my Administration’s policies with the plans of our private sector partners in a way that will stimulate economic growth and lay the foundation for building our sustainable future. The theme of this presentation also builds on the strategy adopted in my last budget presentation where the focus was on investing to build the framework to support a resilient and sustainable economy.
It was just a few months ago that we celebrated our 42nd anniversary of self-determination and nationhood under a similar theme. Developing a sustainable future then and now, continues to be our goal. Both themes emphasize that our nation’s continuous progress should endeavor to fulfill our present needs without harming future generations’ ability to meet their own needs. In our relentless efforts to improve conditions, adapt to new challenges and find solutions for development, we must manage our resources in a way that does not deplete them for generations to come. In short, perpetual progress towards a sustainable future is a dynamic process of securing the livelihood and well-being of both our current and future generations.
Madam President, as we look towards a sustainable future we must be prepared to implement bold and transformative initiatives. We must continue to evaluate our economic outlook, our progress in health care, education, human development and national security, our infrastructural development, agriculture, food security, green energy development, housing and poverty alleviation. These are all key factors that impact our sustainable future. A thorough review of these will clearly show that over the years, we have made significant gains in constructing the building blocks that allow our citizens and residents to enhance and sustain the quality of their lives and create conditions for them to reach their full potential. Indeed, individually and collectively we are performing exceptionally well in our Social Progress Index. I must make it clear that the future sustainability of our island lies not only in the hands of this competent government, but it also rests on the broad shoulders of our citizens and residents.
Madam. President, there is no doubt that in our quest for sustainability, we will face challenges. As a small and developing state the challenges to growing our economy will sometimes seem insurmountable. The primary reason is that our economy is so intertwined with the international community that external shocks will inevitably have a negative ripple effect on our local economy. Slow and sluggish growth rates in major economies, high rates of unemployment worldwide, a saturated Citizenship by Investment market, disrupted supply chains, increasing prices of basic food items, continued challenges to our banking/financial sector and the decline in business opportunities especially in the retail sector arising directly from globalization are factors which have seriously impeded the opportunities for our small island economy to continue to flourish in a sustainable way.
Additionally, the issue of climate change which is a factor beyond our control, will affect our thrust for sustainability, especially as it relates to advances in our agricultural sector. Climate change is not our own doing but poses a significant challenge to food security and sustainability. We are indeed grateful to God that over the past few years our economy has been spared the wrath of any major hurricanes or tropical storms. We are all aware of the devastating effect they can have on fragile economies like ours, posing a real danger of eroding the gains we have made in a very short time. We must continue to make our economy more resilient so that we can better withstand the negative shocks from these natural disasters.
Madam President, the answer to overcoming these challenges lies in our ability to innovate while creating new opportunities in a diversified and sustainable economy. This is essential if we are to improve the socio-economic outcomes for all citizens and residents of the Island of Nevis. Over the past five (5) years we have made significant investments toward achieving this improved and diversified economy. At every turn we have kept the best interests of our people at the forefront of our development agenda.
Our quest to build a sustainable future is not new. It is an agenda that we have been charting ever since I assumed leadership of this Administration. This is evident by the substantial investments we have made in our infrastructural development and our education system through the expansion and upgrading of our schools. We have invested in our youth through a range of programs including the introduction of Technical Vocation Educating Training (TVET) program as a means of equipping them with technical skills to face the future with confidence. We have taken steps towards energy sustainability through our pursuit of Geo-thermal Energy Development, which is part of our efforts to make Nevis a clean and green environment.
This solid platform for growth and development which my government has laid out over the past several years has no doubt created an impetus for acceleration into the future. We must now seek to introduce new and bold ideas for growth and development to continue our acceleration. The South Coast Development enabled by the Special Sustainability Development Zone Act is one such new and bold initiative. As we chart this new course, it is incumbent on us to prepare ourselves positively to embrace change. Let us all work towards repositioning ourselves and seek to capitalize on the tremendous opportunities that this transformative development will bring to our sustainable future.
INTERNATIONAL AND REGIONAL ECONOMIC DEVELOPMENTS
Madam President, as we turn to the regional and economic outlook, the global economy is expected to enter a new phase of volatility and adjustment over the medium term. This will be driven by a variety of factors such as persistent geopolitical tensions, trade policy shifts, particularly as it relates to the United States of America’s (USA) implementation of tariffs, the resulting financial market uncertainty and the current tensions in the Southern Caribbean Sea surrounding events in Venezuela.
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report for October 2025 titled, “Global Economy In flux, Prospects Remain Dim”, predicts that the global economic growth rate will decelerate from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026.
Advanced economies are expected to only grow by 1.5 percent in 2025 and 2026, while emerging economies will fair slightly better with growth prospects predicted to be around 4.0 percent for 2025 and 2026. The report also downgraded the growth outlook for the USA with growth moving from 2.8 percent in 2024 to 2.0 percent in 2025 and 2.1 percent for 2026. This global outlook is indeed dim and the more the global economy becomes fragmented, the higher the risk that this outlook could worsen.
Madam President, as a small island developing state, with our economy so intertwined with the global economy, it is no secret that the IMF’s dim outlook will result in negative effects on our economy. These effects will manifest themselves in higher import bills, increased fuel prices, growing current account deficits, inflation, reduced foreign capital inflows and foreign investments, reduction in development aid and an increase in the level of our public debt.
It therefore behooves us to continue to build upon our gains and implement strategies that ensure long-term economic prosperity for all members of our society, without depleting our natural resources or causing social instability. This push for a sustainable economy should not merely focus on short-term profits but on the continuous well-being of our people and the environment.
Madam President, the Eastern Caribbean Central Bank (ECCB) has forecast that the economy of St. Kitts and Nevis will expand marginally by 2.50 percent in 2025. Having only attained a growth rate of 1.17 percent in 2024, the forecast growth rates of 2.50 percent for 2025 and 3.29 percent for 2026 are an improvement in the outlook for the Federation. The initial expectation for 2025 was 3.42 percent which highlights and brings into focus the real impacts of the current global uncertainty on the lives and livelihoods of the citizens of small island states. In comparison, the ECCB indicates that the Eastern Caribbean Currency Union (ECCU) grew by 3.68 percent in 2024 and is predicted to see growth of 3.18 and 3.40 percent in 2025 and 2026 respectively.
This growth pattern is relatively aligned with that forecast by the IMF for the global economy. The IMF, in its report did project that global economic growth would remain broadly flat decelerating from 3.3 percent in 2023 to 3.1 percent by 2029. Despite this, the ECCB has set a minimum real GDP growth rate target of 5 percent for the ECCU members’ territories. To help its member countries strengthen their respective economies, the ECCB continues to provide policy advice on economic policy, public finance management, debt sustainability and governance. We would like to extend our gratitude to the ECCB for its invaluable assistance over the years.
DOMESTIC ECONOMIC PERFORMANCE
Fiscal Performance 2024/2025
Madam President, as we examine our domestic economic performance, our recurrent expenditure budget for the fiscal year 2025 was set at $203.82 million while our total revenue expectations were $230.72 million. The recurrent revenue generated as of October 31, 2025, amounted to $134.66 million, which represents an increase of $6.93 million or 5 percent when compared to the $127.72 million generated up to October 2024.
This recurrent revenue coupled with the amount of $53.84 million, which includes funds from development aid and our share of the revenue from the CBI Program, resulted in an overall total revenue of $188.50 million. This represents an overall increase in total revenue of $0.77 million or 0.4 percent when compared to the $187.72 million collected up to October 31, 2024. The tax revenue collected as of October 31, 2025, amounted to $98.51 million, which represents an increase of $1.57 million or 2 percent when compared to the amount of $96.94 million collected in 2024.
Although Value Added Tax (VAT) collections were hamstrung by the national VAT reduction program which was in place for the first half of the fiscal year, the receipts collected thus far remain a significant portion of recurrent revenue. VAT receipts collected as at October 31, 2025, accounted for 35 percent of tax revenue and 26 percent of recurrent revenue. Other key contributors to the revenue for the Administration includes International Financial Services – 13 percent, Social Services Levy – 8 percent, Stamp Duties – 8 percent, Import Duties – 8 percent, Customs Service Charges – 7 percent and Water Rates at 5 percent of recurrent revenue.
Madam President, the total expenditure, consisting of both recurrent expenditure and capital expenditure, amounted to 188.36 million for the period ended October 31, 2025, a decrease of $15.05 million or 7 percent when compared to the outlay of $203.41 million for the corresponding period ending October 31, 2024. Recurrent expenditure as at October 31, 2025, amounted to $149.64 million, a decrease of $9.96 million or 6 percent when compared to the outlay of $159.60 million for the same period in 2024.
My Administration was able to keep its recurrent expenditure within the projected limit of $165.07 million for the period up to October 31, 2025. This achievement was possible despite significant spending on personnel emoluments, which made up approximately 50 percent of recurrent expenditure. Goods and services accounting for 19 percent and debt servicing, consisting of both principal and interest payments also accounting for 19 percent of recurrent expenditure, were also major contributors to the total recurrent expenditure.
Capital expenditure for the period January to October 2025 was $38.72 million, a decline of $5.09 million or 12 percent lower than the $43.81 million outlay over the same period in 2024. Of this amount, 80 percent was primarily funded by direct government revenue, while the remaining 20 percent was funded through development aid and loans. Capital expenditure currently constitutes 21 percent of the total expenditure as at October 31, 2025.
Madam President, the capital expenditure for the fiscal year 2024 included the amount of $4.75 million spent on the Culturama 50 Renovations. Our Culturama 50 Homecoming Celebration was a major event for this Administration. We had not yet conceptualized the scale of renovation works at the time of preparing the 2024 budget. Once the scale of work was conceptualized early in that fiscal year, my Cabinet took the decision to reallocate resources from other projects to facilitate these renovation works. This expenditure is totally separate to the amounts allocated each year as subvention for the hosting of Culturama. The subvention is primarily to supplement the revenue generated from the Culturama activities to enable the Culturama Secretariat to make payments to patrons, vendors and other persons providing services for hosting of this annual event.
Madam President, our overall fiscal performance remains strong as of October 31, 2025. Our primary balance has soared to a healthier surplus of $27.84 million, a substantial improvement from the $13.25 million surplus reported in October 2024. The overall balance also trends in this direction, moving from a deficit of $3.16 million to a surplus of $11.60 million over the last 12 months. The fiscal gap has also narrowed significantly, moving from an initial deficit of $19.35 million at the end of October 2024 to a much smaller deficit of $3.52 million at the end of October 2025.
Madam President, this CCM-led Administration has always sought to ensure that the Public Accounts of the NIA are laid before the House within the timeline as mandated in our Financial Regulations. The report from the Director of Audit which I have laid today reference the “Office of the Opposition Leader” which is an error in wording as it should have read “Office of the Opposition “referring to the expenditure incurred for Salaries and Constituency Allowance paid to Members of the Opposition. Therefore, Madam President, it should not be construed to mean expenditure relating to the upkeep of a physical office for the Leader of the Opposition. Ideally this government would have no objections to maintaining such an office but alas, the members opposite up until this time have failed to agree among themselves who should occupy the post of Leader of the Opposition.
Performance of the Value Added Tax (VAT)
Madam President, as indicated earlier, the Value Added Tax (VAT) continues to be a major revenue source for Administration. VAT revenue generated as of October 31, 2025, stood at $34.62 million, representing 26% of total revenue. This is in line with the $34.81 million collected for the period October 31, 2024. Of this, VAT revenue generated from the consumption of domestic goods and services stood at $21.90 million, representing 63 percent of total VAT collected to date, while the VAT revenue collected from international trade stood at $12.72 million, representing 37 percent of the total VAT collected to date.
The total VAT revenue generated for the entire fiscal year 2024 was $42.15 million. It is anticipated the total VAT revenue for this fiscal year would exceed that collected for 2024 as a large portion of this revenue is generated during the last quarter of the year arising from the increased importation of items at the Customs Department and uptick in activities at the start of the 2025/2026 tourist season. The growth in VAT revenue for this fiscal year will be lower than anticipated as our projections were negatively impacted by the decision at the Federal level to grant temporary relief to our citizens through a reduction in the VAT rate from 17 percent to 13 percent for the first 6 months of this fiscal year.
The VAT revenue of $21.9 million collected at the Inland Revenue Department was an increase of $1.19 million or 6 percent when compared to the $20.70 million generated for the corresponding period in 2024. However, the VAT revenue of $12.72 million collected at the Customs Department decreased by $1.38 million or 10 percent in comparison to the $14.10 million collected for the same period in 2024.
On further examination of the effects on revenue, it was noted that the VAT reduction Relief Program had a greater negative effect on the revenue generated at the Customs Department as that incentive was geared towards entities in the 17 percent VAT tax bracket. The effect on the VAT generated at the Inland Revenue Department was minimal as most entities paying VAT to that department fell into the 10% VAT bracket. Nonetheless, this trend in VAT revenue collections is a clear indication that our economy is trending in the right direction.
Status of Public Debt
Madam President, as it relates to the status of our Public Debt, the Central Government Debt Stock Portfolio as of October 31, 2025 stood at $474.7 million, representing a 1.0 percent decrease from $479.5 million recorded on December 31, 2024. During this review period, domestic debt totaled $453.04 million, accounting for 95.4 percent of total Central Government debt, while external debt amounted to $21.6 million, or 4.6 percent of the total. When combined with the debts of Statutory Corporations, the total Public Sector Debt amounted to $541.5 million as of October 31, 2025, reflecting a 1.35 percent decrease compared to $548.9 million recorded on December 31, 2024
With limited domestic resources, borrowing continues to play a vital role in driving our economic growth and development. Nevertheless, our borrowing strategy remains focused on securing low-cost financing instruments to ensure that the Government’s capacity to service its existing debt obligations is not compromised.
During this fiscal period, in response to the growing demand for housing, the Administration secured a $3.6 million loan from TDC Financial Services to finance the acquisition of lands at Garner’s Estate in St. James Parish. Additionally, my Government negotiated a special financing arrangement with the St. Kitts-Nevis-Anguilla National Bank in the amount of $20.0 million for the purchase of land to facilitate the proposed Airport Expansion Project.
A Purpose Driven Agenda for Sustainability
Job Creation and Employment
Madam President, let us now turn our attention to the state of the local economy. The primary measure of the state of any economy is its ability to create “good quality and high paying job”. Similarly, the primary measure of the level of employment in our economy is the revenue generated from the Social Services Levy which is a direct charge on employment income. This is the most appropriate yardstick to measure growth in the number of people employed and in the level of personal income as well.
Our revenue collection from the Housing and Social Development Levy, for the period January to October 2025 amounted to $11.29 million as compared to $12.33 million collected for the entire fiscal year 2024. This is a clear indication that our rate of employment is trending upwards.
Our mantra Madam President has always been “job, jobs, jobs.” Job creation will forever be pivotal in my Administration’s development strategy. My government continues to make a concerted effort to ensure that year after year, the average number of jobs and the number of people employed on Nevis continues to trend upwards.
The data from the St. Christopher and Nevis Social Security Board’s Statistics Department indicates that the average monthly number of jobs on the island as at June 30, 2025 was 6,398, an increase of 3 percent when compared to the 6,234 jobs as at June 30, 2024. The main sectors of employment are Public Administration & Defense – 29 percent; Hotels & Restaurants Trade – 21 percent; Wholesale & Retail Trade – 11 percent and the Construction Sector – 7 percent. The average number of persons employed as at June 30 2025 was 5,898, an increase of 2 percent when compared to 5,760 persons employed as at June 30, 2024.
This data refers only to reported employment, and we fully know that all self-employed persons are not reporting monthly contributions to the Social Security Office, and neither are those persons who are engaged in casual employment registering for Social Security or making any contribution payments. It therefore suggests that the actual job situation is even better than what is currently reported. Like previous years, we continue to see the trend of more job opportunities than persons being available for employment – 6398 job opportunities versus 5898 persons available for employment. This void in the job market continues to be filled by persons holding multiple jobs, especially in the hotel and restaurant sector and with private security services.
Madam President, the average total gross monthly wages paid as at June 30, 2025 stands at $24.87 million. Again, an increase when compared to the average monthly wage of $22.93 million as at June 30, 2024. This represents an increase of 9 percent in gross average monthly wage. It should also be noted that the average gross wage per employee stood at $4,215 per month as at June 30,2025, which represents an increase of 6 percent when compared to $3,984.00 monthly for the corresponding period in 2024. Not only is the number of jobs increasing but the average wages of our workers are also increasing.
Madam President, a closer look at the wage distribution of the jobs on Nevis as at June 30, 2025 shows that only 685 persons representing 11 percent of the workforce are paid at the minimum wage level. Further, 841 persons representing 13 percent of the workforce earn wages of $6,500 and over monthly with the remaining 76 percent earn incomes ranging from the minimum wage to $6,500.00 monthly. These are the signs of a healthy, stable and growing economy.
Madam President, our commitment to job creation continues to yield positive results, strengthening our economy and providing a sustainable economy for our people. Behind these encouraging numbers are our people, whose lives are improving through new opportunities and increased economic security. By focusing on a diverse economy, we are building resilience and reducing our dependence on any single industry. Key sectors such as Construction, Tourism, and MSMEs are thriving, and we are committed to fostering this growth through strategic investments and targeted support.
Public/Private Partnerships for Development
Madam President, we continue to present Nevis as a place open for business and looking for real partners to help us achieve our investment goals. We continue to actively seek real investment and private sector driven opportunities to help us to achieve this goal.
We welcome the development of commercial properties at Chapel Street, Bath Ghaut and Pump Road. We also recently approved concessions for the expansion of another major commercial property in the Charlestown area. These developments will not only provide significant employment opportunities during the construction phase but will generate substantial economic activities during their operational phase. We commend the developers of these units while at the same time encouraging our citizens both at home and in the diaspora to seize the opportunity to make similar investments in their home country.
Our partnership with Radius Holdings LLC and Telemed Partners for the operation of call Centre Services on Nevis has grown stronger over the years. The number of employees at the Radius Call Centre Operations in Brown Hill has increased to 101 persons and expected to grow by an additional 25 – 30 persons by the end of January 2026. Employment at the Telemed Partners Call Centre operations has similarly expanded over the past year, creating much needed sustainable employment opportunities for our people.
Madam President, work on the upgrading of the facilities at Vance W. Amory International Airport is moving rapidly. Earlier this year we finalized an arrangement with the St. Kitts Nevis Anguilla National Bank for a credit facility of $20.0 million for the purpose of purchasing the surrounding lands. To date we have completed the purchase of eighteen (18) acres of land on the southern side of the runway along with the purchase of twenty-seven (27) acres of land on the western side of the airport compound. My Administration has secured additional funding in the amount of US$45.6 million to complete the buildout of this facility.
This include the commitment from the Government of the Republic of China/Taiwan for funding in the amount of US$19.2 million to be drawn down over the next two(2) years to meet the cost of construction of a new Fire Station, reconstruction of the Control Tower, realignment of the Island Main Road, expansion of the Passenger Terminal Building and the construction of a new Customs Cargo facility and related works. The Mission Taiwan team visited Nevis in early November and held discussions with our technical team on the project and with representatives from the Ministry of Finance and the Legal Department to finalize arrangements for the signing of the loan agreement and ultimately the first disbursement of funds.
Madam President, our partnership with a third-party financier, the Drahi Foundation, will provide the additional financing in the amount of US$25 million for the completion of works on the airfield. These works include the aligning and extension of the existing runway to 6070 feet , improvement and installation of runway lighting and the construction of parking spaces for jet traffic, a fuel farm and related activities.
We expect that all arrangements will be in place for groundbreaking and the start of construction early in the new year. The first components of construction will include the realignment of the Island Main Road and the construction of the new fire station followed by expansion work on the Terminal Building and the Control Tower. These works are expected to be funded by the drawdown of funds from the financing arranged through the Government of Taiwan. Work on the airfield side of the project will comprise the second phase of the project and is expected to commence in late 2026 to early 2027. We expect that the consultants and designers will have completed their consultations with the international aeronautic agencies and finalized the design works for the airside component of the project by that time.
Madam President, the establishment of the Special Sustainability Zone (SSZ), the first of its kind within the Eastern Caribbean, must be seen as a new and proactive approach to public private sector partnership for development. The built-out of activities within this zone will be a game changer for Nevis, not only elevating our prominence within the region but also generating significant economic activity across various sectors during both the construction and operational phases.
This proposed “Destiny Development” which is expected to occupy just over 2000 acres of land is akin to a high-end ultraluxury villa and resort project. This development will position Nevis as a destination for high-end investment surpassing any scale of development that we have seen in our region. I am delighted by the level of public discourse on the proposed development. It demonstrates democracy at work and the need for our people to have a say in the way they wish their country to move forward. My Cabinet has held a number of town hall and stakeholder meetings over the past three (3) months to garner views that will inform our decision as to how we move forward. Rest assured, we are taking all the suggestions and recommendations into consideration.
Madam President, I wish to assure the public that my government is taking every precaution to ensure that we get the best terms for Nevis. Once we have completed the final negotiations, we will be in a better position to advise all residents of both St. Kitts and Nevis. The final Agreement will be brought to this Assembly for ratification and will be made public as part of that legislative process.
Entertainment Industry
Madam President, the Film Industry continues to gain prominence on Nevis. A few years ago, my Administration took the bold step to explore new frontiers and embrace the film industry as a means of tapping into the creative ideas and talents of our people while at the same time providing employment opportunities. We are proud then to have partnered with MSR Media, a UK based company, which created the foundation by shooting 7 films on Nevis.
Madam President, I am happy to report that Nevis is now becoming one of the destinations of choice for making movies in the Caribbean. During the period January to October 2025, we partnered with several producers to film at least six (6) productions on Nevis. Southern Tide Fashion Brand conducted a fashion shoot marking its second production on Nevis, showcasing their Spring/Summer 2025 collection. A total of 12 incoming cast and crews, in addition to 6 local crews, participated in this event.
Madam President, Stone & Spirit Production through their producers, Ed Annunziato & Blair Stewart, filmed the Colonial Churches of Nevis production, which was an exploration of the Island’s early colonial history. A total of seven (7) local cast members and crew participated in this event.
The famous Pan Gyul Production, through its producer and director, our own Ms. Juliette Jeffers, was a short film depicting the scene of a daughter finding her rhythm in the echoes of her father’s music amid the sea breeze and steel pan rhythms of Nevis. A total of 15 incoming crew and cast along with 17 local crew and 50 background actors participated in this production.
The Real Housewives of Potomac, a Bravo TV production, filmed a Nevis feature segment for the popular U.S. reality series, highlighting Nevis’ luxury experiences and natural beauty. A total of 47 incoming Cast & Crew along with 24 local cast and crew participated in this filming.
St. Kissed, a full-length Feature Film, produced by Octet Productions was also filmed on Nevis in August 2025. A total of 40 incoming cast & crew along with 15 local cast & Crew participated in this event
Apples & Airplanes, a full-length feature film produced by Five16 Films, was also staged on Nevis. It highlighted a scene of an uptight wedding planner invited by a friend to Nevis where she finds love. Her once uptight persona transforms into a relaxed, warm and friendly island girl. This production featured 30 incoming cast and crew. We also secured PBS Virginia 7 for the filming of the television series “Hometowns” during the month of December 2025. It is expected that at total of 12 incoming cast and crew with arrive on the island to participate in this filming.
Madam President, Film and media productions continue to serve as a vibrant driver of local economic activity in Nevis. Beyond monetary benefits, these productions provide invaluable tourism exposure, capacity building for local talent, and the promotion of Nevis as a premiere film and creative destination. The brand visibility, brand awareness and public relations that Nevis has received thus far is most favorable, as reflected in the international network productions and published articles.
Tourism Sector
Madam President, despite ongoing global challenges, the Nevis tourism sector continues to demonstrate resilience, creativity and adaptability. Our strategic focus on staff development, community engagement, cultural promotion, and destination enhancement have yielded impressive results that have strengthened the foundation upon which we continue to build.
My Government remains committed to empowering our people to maximize the opportunities offered by our tourism Industry. Nevis once again made its mark on the regional stage through the Tourism Youth Congress. Ms. Kayla Claxton of the Gingerland Secondary School emerged victorious in the local leg of the competition, sponsored by the Bank of Nevis, and represented Nevis at the regional event in Barbados.
Madam President, Mango Fest 2025 was another resounding success, confirming its status as one of the most anticipated events on our tourism calendar. This event underscores the increasing appeal of our culinary tourism offerings and the dedication of our local chefs, farmers, and vendors. Another significant success was the Cross Channel Swim now ably led by Jane Hansom and which attracted a record 500 swimmers this year.
Infrastructure development and heritage preservation remained central to our agenda. The Bath Hot Springs upgrade project has been receiving overwhelmingly positive feedback from residents and visitors. This has truly enhanced the visitor experience at the facility. Work on the Bath Hotel Renovation Project is progressing significantly. This project, which is coordinated by the Nevis Historical and Conservation Society (NHCS) in collaboration with the Ministry of Tourism, represents an important step toward restoring one of Caribbean’s oldest tourism infrastructural sites. The United States Embassy in Bridgetown has committed funding of approximately US$300,000 and we are also pursuing additional funding from the Caricom Development Fund to ensure the timely completion of this iconic heritage project. This project is scheduled for completion during the first half of 2026 and will serve as a National Museum, preserving and showcasing Nevis’ rich cultural and historical legacy.
Madam President, the launch of a refreshed destination branding initiative by the Nevis Tourism Authority was a major highlight of this fiscal year. This rebranding is intended to boost our tourism promotional efforts overseas as we seek to extend our reach into new and emerging markets, while maintaining prominent presence in existing markets. These new initiatives laid out in the Nevis Integrated Marketing Plan (IMP) will serve to strengthen Nevis’ market visibility, enhance the quality of the visitor experience, and reinforce the Island’s position as the Caribbean’s premier boutique luxury destination. The destination’s tagline, “Nevis Naturally,” was retained, affirming our Island’s authentic charm and enduring brand strength. More details will be provided as the Nevis Tourism Authority rolls out its marketing plan in the new fiscal year.
Madam Speaker, as it relates to visitor arrivals, we continue to support flights into Vance W. Amory International Airport through partnerships with Cape Air and Winair. In the area of cruise arrivals, we expect a total of 69 cruise calls for this season with a carrying capacity of 15,769 passengers. This is an improvement of 25 percent when compared to the cruise visitor arrivals for last season.
Turning now to our projections for 2026, the New River Project will receive priority attention, with a focus on improved bathroom facilities and landscaping, transforming the area into a more visitor-friendly heritage site. The site, which is one of the last sugar mill operations on the Island, continues to garner much interest from our visitors.
The Malcolm Guishard Recreational Park (MGRP) will celebrate its 5th Anniversary of operation during the month of December 2026. This widely used facility has hosted a total of 128 community-based events for the period January to October 2025.
Madam Speaker, as we look ahead, the Ministry of Tourism remains guided by a purpose-driven agenda- one that integrates the five pillars of sustainability: People, Planet, Prosperity, Peace, and Partnership. We are investing in our people through training and education; protecting our planet by promoting eco-friendly practices; expanding prosperity by strengthening tourism linkages; fostering peace through community and cultural pride; and building partnerships that will position Nevis as a global model for sustainable island tourism.
Construction
Madam President, the construction industry on Nevis continues to be a significant contributor to economic activity. As we traverse the landscape of Nevis we are amazed by the number of ongoing construction projects such as the construction of new homes, extension to existing properties or construction and expansion of commercial properties. Many of our contractors are indicating the difficulty in attracting suitable skilled persons. This is a clear indication that we are nearing full employment in this sector.
Further, the data provided by the Department of Physical Planning showed that for the period January to October 2025 a total of 243 applications were received by the Department. Of this number, a total of 202 permits has been approved, of which 81 permits were granted for new residential construction with the remaining 121 permits for building renovation and expansion. Construction work has started on most of these approvals. This is a vast improvement when compared to the corresponding period in fiscal year 2024, when only 144 building permits were granted. Moreover, as at October 31, 2025 there were a total of 162 active construction sites throughout Nevis under periodic monitoring by the officers of the Department of Physical Planning. This is on par with the 168 active construction sites for the said period in 2024.
Madam President, the continued growth in this sector is due largely to my Government’s continued support through our various incentive programs. These programs include the first-time homeowners’ initiative, which is an ongoing program designed to incentivize first-time home construction. I am happy to report that the Ministry of Finance has approved a total of 37 new applicants for enrollment in this program for this fiscal year up to October 31, 2025. Under these programs prospective homeowners are granted exemption from the payment of Customs Duties and Customs Service Charge on all building materials. This program, along with our incentive program for commercial development and villa/condo development, will continue in the new fiscal year.
As a new initiative for this fiscal year, we expanded the program to incentivize persons to build additional homes or renovate and expand their existing homes through our ‘Build and Renovate Program”. A similar incentive was also extended to those investing in commercial construction. I am happy to report that up to October 31, 2025, a total of 82 persons have been enrolled in this build and renovate program generating significant economic activity in the construction sector. We intend to continue this build and renovate program in the upcoming fiscal year but with some modifications. Further details will be provided later in my presentation. This Government stands committed to developing a sustainable construction sector as we seek to improve the livelihood of our people and grow Nevis together.
Repositioning the Agricultural Sector
Madam President, the Ministry of Agriculture continues to make remarkable strides in our quest for food security. Our mission remains one of strengthening food security through increased productivity while seeking to build a resilient agricultural and fisheries sector that supports economic growth and community well-being.
Madam President, as it relates to agricultural production, “innovation” continues be our watch word as we seek to use modern technology to reduce production inputs while maximising production yields. We continue to advance green or shade house technology as a preferred mode of production as this technology continues to prove its efficiency and longevity in boosting production yields. Currently, we have a total of twenty (20) shade houses in operation with a total cultivation space of approximately 83,272 square feet producing at least 75 percent of our stock of leafy vegetables. These shade houses specialize largely in the production of lettuce, celery, kale and to a lesser extent sweet peppers, cucumbers and tomatoes.
Even with this advancement in technology we are supplying only a fraction of the demand for food items on island. The data from our Department of Agriculture indicates that for the period January to October 2025 a total of 32.75 acres were under cultivation by both local farmers and the government. This yielded approximately 343,006 pounds of food crops such as sweet potatoes, onions, pumpkins, cantaloupe and cabbage. This is an increase of 3 percent when compared to the cultivation yield of 333,451 pounds for the said period in 2024. . These outputs are only meeting a small fraction of our local consumption demand as year after year; we continue to see the importation of a large quantum of food on a weekly basis.
In the area of livestock farming, we continue to encourage the use of intensive and semi-intensive farming techniques to meet the increasing demand for meat and meat by-products. The data as provided from our main meat processing facility at the Abattoir indicates that for the period January to September 2025 a total of 143,430 pounds of meat and meat by-products were processed at this facility. This is on par with the 143,802 pounds processed in 2024. Pork was the leading meat type processed with 67,227 pounds processed in 2025 as compared to the 58,000 pounds processed in 2024 – an increase of 16 percent. The processing of mutton decreased by 3 percent, moving from 49,083 pounds in 2024 to 47,773 pounds in 2025. The processing of beef and chicken were processed in smaller quantities. Despite this increase in meat products, we are still only meeting a small fraction of our meat consumption needs when we consider the large quantum of meat and meat products that are imported into Nevis on a weekly basis.
Madam President, the development of a viable Broiler Industry is still a priority for my government. I am happy to report that earlier this year we signed a contract with Atlantic Poultry Biotech Inc. in the amount of $1.6 Million Eastern Caribbean Dollars for the construction of a modern purpose-built poultry processing facility at Prospect. Work is progressing and it is our anticipation that the first phase of construction of this facility will be completed in eighteen (18) months.
Madam President, as it relates to the fishing industry, we continue to work with our fishers encouraging them to do more in terms of increasing the quantity of fish and other marine products available for local consumption. Earlier this year, the Department of Marine Resources in collaboration with our fishers, successfully hosted the Annual Fish Festival, conducted Fish Aggregating Device and Fish Pot making workshops, and established sea moss cultivation plots- all of which are designed to support sustainable livelihoods and strengthen our fishing community.
During the upcoming fiscal year, the Department will embark on the establishment of at least ten artificial coral reefs to preserve and enhance our marine ecosystems. This initiative is a forward-looking investment in biodiversity, thus promoting sustainable fishing practices. We continue to make progress toward the development of a new landing site for the New Castle Fisherfolk, thus providing a safer, more efficient base for fishing operations and services.
Madam President, our Agricultural Open Day now referred to as Agri Expo, has evolved and matured to become a premier activity on the annual calendar of events, highlighting the significant work being undertaken by the Ministry and Department of Agriculture. The Expo has grown tremendously and is now attracting attention and attendance from the Federation and the sub-region. This event, which started on the grounds at Prospect Agricultural Station quickly outgrew that space resulting in its relocation to the ETW Park. This is the largest showcase of our advances in agricultural production and innovation as it relates to crop production and animal farming.
Madam President. the year 2026 will mark the thirtieth anniversary of the Nevis Agri-Expo and will be hosted under the theme “Rooted in History, Utilizing Land & Sea – Agri-Expo 30.” The Agri-Expo has served as a proud showcase for our farmers, fishers, artisans, and cultural groups- highlighting the diversity and strength of Nevisian agriculture and craftsmanship. Next year’s celebration will not only honour our agricultural legacy but also underscore our ability to continue to blend innovation with tradition. The Department, our farmers and our fishers, are all already gearing up for this event at which we expect to have a massive display of crops, animal and fish products in demonstration of our commitment to building a sustainable future as it relates to food production.
To further enhance agricultural productivity, the Ministry seeks to procure two new tractors to improve land preparation efficiency and reduce delays faced by farmers. This will enable better planting schedules and higher yields.
To improve staff welfare and operational efficiency, the Ministry proposes to commence preparatory work on the reconstruction of its office complex at Prospect. The proposed facility is intended to comprise a two-storey building providing at least 24,000 square feet of office space thus enhancing productivity and providing a better work environment for the staff.
Redefining the Financial Services Sector
Madam President, regarding our Financial Services Sector, our primary goal is to increase activities in this sector by at least 50 percent annually over the medium term. To achieve this, we have invested in our human resources development, invested in technology to enable us to be more proactive in identifying and monitoring risks, continued to amend and update the legislation governing the sector to keep us competitive, continued to foster a culture of compliance and improved our efficiency through revamping our onboarding procedures. We have introduced more value-added services to our sector, inspired the growth of small firms into larger units and incentivized the redomiciling of large value-added entities to our jurisdiction.
This sector continues to provide significant economic value to the economy of Nevis. The Government revenues generated directly from this sector for the period January to October 2025 stood at $16.8 million. The projected outcome for the year 2025 is very favorable especially when we compare our current performance thus far to the outturn for the entire fiscal year 2024 where the amount of $16.85 million was collected.
These outcomes are borne out by the activities at the registry monthly. I am happy to report that as of October 31, 2025 the total active entities currently on register at the Financial Services Registry stood at 18,780. This is an increase of 20 percent when compared to the total of 15,685 entities on register as at October 31, 2024. Further, a total of 3103 new entities were incorporated during the period January to October 2025 comprising IBCs – 2,296, LLCs- 672, Trusts – 105 and Multiform Foundations- 30 entities.
Madam President, to broaden the array of financial services products available in our jurisdiction, my Administration in October 2025 enacted legislation to allow for the incorporation of Limited Liability Partnerships. This is in addition to our earlier enactment of legislation for the operationalizing of an Online Gaming Sector on Nevis.
As it relates to the Online Gaming Sector, my Administration took the decision to work with a single entity through a process referred to as “sandboxing”. Under this process there will be no proliferation of registered agents licensing entities at this time. This sandboxing method will allow the Administration the time to monitor and adjust our approach as we seek to determine the generally accepted industry best practice for online gaming, after which we will open the sector for wider participation by Registered Agents.
Madam President, this approach therefore allows us to better manage the risks associated with this product. Further, the activities falling within this sector are very much ring-fenced as none of the activities are carried out within our jurisdiction and our citizens are not permitted to participate. It must be made clear that the entities which are licensed to be involved in online gaming activities will carry out their gaming activities elsewhere throughout the world and not on the island of Nevis. It is anticipated that the Administration will receive a portion of the license fee of between US$7,500.00 – US$8,000.00 from each entity licensed to carry out online gaming activities.
These two products add variety to our existing suite of products and offer our clients a wider variety of instruments for their investment decisions. These were all done after careful consultation with industry practitioners, keeping true to our goal of having a sector primarily driven by the market demands as indicated by our industry professionals.
Madam President, we value the public/private partnership that underpins growth and development in this sector. We commit to facilitating dialogue and new product development dictated by market needs as communicated to us by industry professionals.
Madam President, we continue to attract a cadre of well-known and widely respected providers from the Latin America Market and other regions into our jurisdiction. A total of four (4) new entities filed applications and were duly licensed as Trust and Corporate Service Providers during this fiscal year. We intend to continue to incentivize the establishment of such entities which now seek to offer Nevis as a jurisdiction of choice for the Latin American market.
Madam President, the recently launched “Nevis Finance” is meant to be that entity to spearhead our efforts into new and emerging markets. We must take the necessary steps to be more visible internationally and more so in the Latin American Market. To this end, my Administration has already participated in initiatives as a means of establishing our presence. We were happy to partner with the Society of Trust and Estate Practitioners (STEP) in May of this year as the main sponsor of the STEP Caribbean Conference.
Additionally, in September 2025, our Legal Advisor led a delegation, consisting of representatives from our Regulation and Supervision Department along with several Registered Agents, to the Step LATAM Conference in Mexico. Our attendance at this conference provided yet another opportunity for us to develop that close link with the Latin American Market. Madam President I returned to the island just two days ago from Panama where I engaged with the leading law firms there to promote greater business with Nevis. These initiatives all form part of our outreach strategy as we seek to grow the sector in a sustainable manner through the inclusion of more value-added services.
Madam President, the international banking sector continues to be an area attracting high levels of interest. To date there are six international banks licensed and operational on island employing a combined total of at least 75 employees. In addition, we have received applications from three (3) additional entities seeking to be licensed. Our regulators are presently reviewing these applications and will make recommendations in due course. We expect that these new entities will add value to our financial services sector and see additional high paying jobs being created on Nevis.
Madam President, I wish to commend the staff at the Financial Services Department for their dedication and commitment over the years in enabling this and previous Administrations to successfully advance the sector. We truly value your service as there is no doubt that we have now developed a competent cadre of staff, fully supported by the team at the Legal Department, to regulate activities across the various product types. I wish to thank the former Regulator, Ms. Hedi-Lynn Sutton for her contribution to the development of the sector over the past 10 years. Madam President, we are actively in search of as replacement Regulator, and it is our hope that early in the new year we will have a fulltime Regulator in place.
Infrastructure Development
Managing our Public Infrastructure
Madam President, as it relates to our physical infrastructure, the Department of Public Works undertook significant renovation and upgrading works on the Supply Office compound to create a more “work friendly space” and customer-oriented environment. This work was done with the aim of enhancing the general security at that compound. Similar work was undertaken at the Nevis Craft House which saw major repairs done to sections of the roof of the building along with renovation of the internal spaces to enhance the working environment and increase productivity. During the upcoming fiscal year, the Public Works Department is projected to carry out expansion work at the eastern end of the Nevis Craft House building to provide additional working space. We have allocated funds in this budget to cover this renovation and expansion work.
The long-awaited construction of the road at Morgan’s Estate, in Browne Pasture commenced in May 2025. This includes the construction of 750 feet of concrete carriageway along with the laying of 1752 feet of 4-inch water mains. This project, due to its magnitude and the need to prioritize resources, had to be executed in phases. Phase II, of the project, which is similar in length to Phase1, commenced in September 2025 and is currently ongoing. During the period June to July 2025 the department also undertook rehabilitation and resurfacing work on the section of the Island Main Road stretching from the vicinity of the Malcolm Guishard Park to the Old Jehovah Witness Church in Pinneys. Work was also completed on a section of the pedestrian sidewalk along Pump Road, aimed at improving pedestrian safety.
These works were in addition to extensive drainage works carried out in Brown Hill, the construction of a retaining wall and fencing project in Eden Browne and Butlers Village along with the installation of a pipe culvert with headwalls on the road leading to the Prison Farm. Similar work was done on the reconstruction of the drainage system in Charlestown stretching from Happy Hill Drive through to the Inland Revenue Building, Also, work was done on the drainage system stretching across the Island Main Road in front of the Post Office, along with the construction of a concrete drain and culvert at Low Street.
Madam President, as it relates to major road works for the upcoming fiscal year, the Public Works Department is proposing to undertake rehabilitation works on sections of the Long Point Road, reconstruct the road network at Chapel Alley, Gingerland adjacent to the Gingerland Methodist Church, and complete the road rehabilitation works at Morgan Estate and upper Jessup’s, adjacent to the Community Centre. In addition, preliminary works are expected to commence on the section of road between Church Ground and Upper Hamilton. These proposed works are in addition to the routine rehabilitation and maintenance of secondary village roads across the Island and clearing of our drainage systems. We have allocated $8.0 million in our budget to meet this expenditure.
Sustainability of Water Supply
Madam President as it relates to the sustainability of our water supply, I am happy to report that our water drilling program remains on track. Our drillers “Water and Oil Well Service Company Limited of Trinidad and Tobago” have so far commenced the drilling of four wells. The first completed well at Maddens Estate has been tested, commissioned and put into operation supplying at least 350 gallons of water per minute through our water distribution network.
Work is still ongoing at the second well at Maddens in addition to the well site at Simmonds Estate, Gingerland. It is anticipated that during the new fiscal year drilling at the wellsite at Maddens and Gingerland will be completed and the wells commissioned into full operation.
To enhance our effectiveness in identifying sites for drilling, my Administration has commissioned a drone flyover of proposed areas to assess their suitability for drilling. This technique, which is used worldwide, has a high degree of accuracy in identifying water table levels and will serve to maximize our focus on expanding resources to high probability areas.
Madam President, the Desalination Plant at Butlers, funded by the government of the United Arab Emirates (UAE) – through the UAE-Caribbean Renewable Energy Fund is now fully commissioned and operational. This plant, which is powered by Solar produces at least 50,000 gallons of potable water daily, augmenting our existing drilling efforts serving the residents of Butlers and surrounding areas.
Madam President, while my Government is making considerable strides in ensuring a steady supply of water, equally important is the ready access of this water to our residents. Work has been ongoing on upgrading our water distribution network to ensure that all residents have a steady and uninterrupted supply of water to their homes. During this fiscal year the Nevis Water Department completed the installation of 700 feet of HDPE 4-inch pipe connecting the recently completed Maddens #5 well to the Maddens Storage Tank. This is in addition to the replacement of 2000 feet of HDPE 4-inch pump line running from the Maddens#3 Pump Station. A total of 1752 feet of 4-inch PVC lines were installed at Morgan’s Estate, Morning Star to facilitate the ongoing road rehabilitation project. The work at Morning Star had to be extended to facilitate the laying of 1,700 feet of 4-inch pipe at the Morning Star Housing Development to connect the residents to the neighboring water storage facility.
Technological advancement at our storage and well sites are high on our agenda. The Department successfully completed the upgrade and installation of the SCADA monitoring system at all water tanks and pumping stations. This real time monitoring technology allows for easier management of water levels at our water storage tanks, monitoring the operations of our pump operations and overall system performance. It further provides for a more rapid response to operational issues at our pump stations, facilitates troubleshooting and enhances decision-making across our water pumping and distribution network.
Madam President, while the implementation of this system is a major advancement which has significantly improved our monitoring capabilities, its full benefits cannot be realized without adequate staffing coverage. The Department will put in place a structured shift system to consistently monitor and respond to system alerts in real time, thus strengthening our monitoring capacity, reducing response delays and allowing the SCADA system to function at its full potential. This proactive management system enhances reliability, resilience and quality of service, ensuring a stable and sustainable water supply for all our residents.
As we look at the new fiscal year, the Department will place its focus on adjusting its water storage and distribution systems to facilitate the much-anticipated exploration for Geothermal Energy, which is expected to impact on our water resources. Work will be done on the installation of Transmission Mains, Booster Pumps and the construction of Water Storage Tanks to provide water for the exploration site at Hamilton.
Additional works will include the proposed upgrading of 10,000 feet of 4” HDPE pipes at Upper Liburd Estate and 3,500 ft. of 4” water mains for the Zion to Hickman’s project. Similar work is projected to be done on upgrading of water lines at Lower Cane Garden, Golden Rock Estate, Ridge Road Project and at the Housing Development proposed by the Nevis Housing & Land Development Corporation. Further, the relocation of the main water line serving the residents of the Barnes Ghaut area along with the replacement of the ancient cast iron water line serving the residents of the Burden Pasture area will be treated as priority early in the new year. We have allocated appropriate funding in this budget to facilitate the upgrading of our water distribution system.
The expansion of activities in the construction sector is also manifesting itself in the demand for water services. During the period January to October 2025, the Department has facilitated requests for 179 new water service connections consisting of 160 residential applications, 17 requests for farming and 2 applications for commercial connections.
Madam President, this is quite remarkable, and as I have mentioned in previous budget presentations, providing a continuous and reliable supply of water is a costly venture. Our ability to continually do so hinges greatly on the revenue collections at the Nevis Water Department. While the Department has been forced to pursue the route of disconnection as an enforcement measure against nonpayment, it is our preference that our people see it as their responsibility and sacred duty to pay monthly and regularly for water consumed. The threat of disconnection should never be the driving force for you to pay for this valuable commodity. Again, I wish to repeat the words of a famous motto “we rather collect than disconnect”.
Madam President, the primary responsibility of any government is to maintain the safety and security of its citizens. In this regard, my Government continues to pledge its full support to our security personnel stationed on Nevis while investing heavily in our security infrastructure as a deterrent measure against criminal activity.
The roll out of our CCTV program has proved to be a very effective deterrent mechanism as we have witnessed a drastic reduction in criminal activities in areas currently under CCTV surveillance. This project has seen the deployment of at least 150 cameras in various areas across the island and is supported by a fully staffed CCTV Command center operating on a 24-hour basis.
During the upcoming fiscal year, it is the intention of my Government to continue to build out our CCTV infrastructure extending to areas such as Gingerland, Bath Village and Long Point. Our goal is the attainment of full CCTV coverage island wide over the medium term.
Madam President, in June of this year we operationalized our own 911 Nevis Dispatch System. This has certainly improved our response time to emergencies and security matters. I wish to proudly express gratitude to the Four Seasons Homeowners Association for providing the financial and capacity building assistance that was necessary for the operationalization of the system.
Madam President, our commitment to the safety and security of our people and the protection of our borders has now been amplified. As a demonstration of our seriousness, my Administration has recently purchased three (3) pretrained detection dogs which will be stationed in Nevis and assigned to handling by officers of the police force on Nevis. This investment in the amount of US$63,990.00 (EC $173,854.43) is a vital asset for our security forces not only to conduct search and rescue missions but to serve as a deterrent from the importation of ammunition and narcotics at our port of entry thus enhancing our ability to effectively secure our borders. Officers for the Nevis Division of the Royal St. Christopher and Nevis Police Force along with selected officers from our Nevis Customs Department are currently undergoing training for the maintenance and handling of these dogs.
Madam President, in addition to our investment in CCTV, K9 unit and 911 Responders, my Administration in collaboration with the St. Kitts and Nevis Defence Force has completed phase 1 of our promised island-wide Radar System coverage. This entailed the installation of a Radar System along with high resolution cameras in the Fountain area. Phase 2 of the project which is expected to be completed by September 2026 entails the installation of a second Radar System at Saddle Hill. This is indeed a giant s
Original source: kn