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Minister says PNP Administration fiscal policies turning out a strong economy for TCI

Providenciales, 13 Nov 2015 – The PNP Administration in delivering a report on the fiscal performance of the country midway through the financial year touted success economically and socially; this came from Finance Minister Hon Washington Misick. Minister Misick was speaking in the House of Assembly on Wednesday.

“My government has kept its promise to the people of these islands by effective stewardship of the economy, the banishment of structural budget deficit, empowerment through opportunities for all and the security of the future for the next generation.”

The Minister says the TCI is in an enviable position as reflected up to September 30, 2015 and that tourism for the Caribbean is expected to grow, though slightly.

As for the Turks and Caicos Islands, the growth rate was put at 4.1% by the head of finance for the country and said the country is outpacing forecasts. TCI has made significant gains from 2009 to 2015; Hon Misick revealed that real growth has surged from $522.8 million in 2009 to $594.1 million in 2015, which is a yearly average growth rate of 2.19%.

As for the real GDP per capita was recorded at $14,500 in 2009 and is now at $16,200 in 2015 or a 1.9% growth rate annually.

Hon Misick said that it is clear that his government’s financial policies are working.

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