CJ Politics

Turks and Caicos Islands Reports Revenue Surplus for First Half of 2012

By: Caribbean Journal Staff - October 29, 2012

Above: the Turks and Caicos (Photo: TCIT)

By the Caribbean Journal staff

The Turks and Caicos Islands government is reporting an overall revenue surplus of $5.72 million for the first half of 2012, an improvement of $10 million over the same period in 2011.

Recurrent revenues for the second quarter stood at $53.2 million versus recurrent expenditure of $37.3 million, according to the government, a recurrent surplus of $15.9 million.

That surplus was then used to fund non-recurrent expenditures of $6.6 million, capital contributions of $1.8 million, debt payments of $7.3 million and Herzog planned repayments of $0.5 million.

That resulted in an overall net revenue account deficit of -$0.4 million for the quarter.

“This report continues the government’s commitment to the transparency reporting of its finances,” said Anya Williams, deputy governor and head of the TCIG Civl Service.

She said the data provided information about the steps she said the government was taking to deliver a fiscal surplus in the financial year ending in March 2013.

That is a requirement of the government’s 2012/2013 budget.

“As this report shows, although things are improving, significant challenges remain and continuing tight cost control will be required to deliver the budgeted revenue surplus,” she said.

Popular Posts cape santa maria

The Best Caribbean Beach Resort You’ve Never Heard of 

There’s a boat just offshore called “Escape.”  It’s bobbing in some of the most brilliant, dynamic turquoise water I’ve ever seen, a few meters from a stretch of sand so bright and so white you have to squint to look […]

Marriott Is Opening Its New St Regis Resort In Aruba 

aruba st regis inside the restaurant with chairs

It was more than a decade ago that Marriott opened its first-ever Ritz-Carlton resort in the Dutch Caribbean: the Ritz-Carlton, Aruba, which at the time was the island’s first true five-star resort.  Fast forward to 2024, and Marriott is set […]

From All-Inclusive Resorts to Beaches, Travelers Are Falling in Love With Antigua and Barbuda

antigua barbuda frontier airlines the peninsula with sand

The plunge-pool villas at Hammock Cove. The historic streets of Nelson’s Dockyard. Pool days at Sheer Rocks. Unforgettable honeymoons. Vibrant meals of pepperpot and fungee. Beach bar hopping on the south coast. Endless serenity in Barbuda.  Travelers keep flocking to […]

Related Posts relaxing hotels

UK Visitors Are Flocking to the Turks and Caicos Islands As Airlift Grows 

Thanks in large part to last fall’s launch of Virgin Atlantic’s first-ever flight to Providenciales, the Turks and Caicos is in the midst of a boom in travel from the United Kingdom.  For the first three months of this year, […]

How The Sands at Grace Bay Resort Defines the Turks and Caicos Vacation 

palapas on grace bay beach in turks and caicos

You’re right on Grace Bay Beach, one of the best in the world. Your room is spacious and comfortable, with every amenity you need and the ingredients for any vacation you choose. This is the essence of the Turks and […]

Turks and Caicos Villa on the Market for $40M

turks and caicos triton villa with view

A luxury villa on Long Bay in Providenciales is on the market for $40 million. The Triton Luxury Villa, which has been listed in the past for $30 million (as recently as 2022), is on the market with Ian Hurdle […]


Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.

No. Thank You