Kingstown, St. Vincent and the Grenadines – Prime Minister Godwin Friday has reaffirmed that his administration will not introduce new taxes on Vincentians, even as the country confronts economic challenges highlighted during a recent visit by the International Monetary Fund (IMF).
In a statement following the IMF mission, Dr. Friday said the government’s priority is to strengthen the existing economic framework rather than increase the tax burden on citizens.
“We face real constraints, due to poor fiscal management by the previous government, but my government’s priority is not to raise taxes on Vincentians,” the Prime Minister stated.
He acknowledged that the IMF’s assessment has brought into sharper focus the country’s financial realities, noting that decisive but balanced action is required.
“I have always told you exactly how things are, and the IMF’s recent visit has made clear the financial reality we must now confront,” he said
Instead of new taxes, the government will focus on improving efficiency within the system, including enforcing existing laws and strengthening compliance.
“Our task is to make the system work better, enforce existing laws, manage expenditure responsibly, protect the vulnerable, and grow our way forward,” Dr. Friday added.
The Prime Minister described the approach as one of responsible governance, aimed at stabilising the economy while safeguarding the welfare of citizens.
The statement comes amid ongoing public discussion on fiscal policy following the IMF’s 2026 Article IV Mission, which examined the country’s economic performance and outlook.
Government officials say the strategy reflects a commitment to economic reform that prioritises growth, accountability and social protection without placing additional financial strain on the population.