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Turks And Caicos Reports Double-Digit Revenue Growth

by Mike Godfrey, Lowtax.net, Washington
13 February, 2015

The Government of the Turks and Caicos Islands has reported healthy fourth quarter revenues for 2014, generating an operating surplus of USD16.7m, well ahead of the budget target of USD5.2m.

Tax revenue for the quarter was 17 percent above budget, and 28 percent above the same period in the previous year, mainly due to higher tourism arrivals.

Minister of Finance Washington Misick said: "It is satisfying that our revenue performance has exceeded expectations, while the costs of government are below budget. My government remains committed to prudent fiscal management, ensuring improvements in revenue collection and that expenditure control measures continue to enhance financial performance."

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