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Economy / Anguilla

Fiscal Surplus Won't Last

May 2012 | Economic Analysis

While Anguilla recorded a fiscal surplus in 2011, it was mostly on the back of a lump sum of taxes collected from the auction of a large hotel that filed for bankruptcy, and we believe the island is likely to return to a deficit in 2012. A sluggish outlook on tourism will challenge the island's ability to raise tax revenue, and a rising public debt burden (although the second lowest in the Eastern Caribbean) will impede Anguilla from reducing fiscal expenditures

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