News
Passed: $388.9 Million Budget for TCI for 2022-2023
By Deandrea Hamilton
Editor
#TurksandCaicos, May 12, 2022 – Government spending for the Turks and Caicos Islands is projected to swell by 20 per cent and the PNP Administration is optimistic about what the increase will mean toward national development.
According to the presentations, earnings for the TCI Government are expected outpace expenses in the Budget which was passed in Parliament on Thursday May 5, 2022 and it gives TCIG an additional $78 million as approved for spending in the new fiscal year.
“Despite, the challenges around the world, our policies and priorities are deliberately designed to position our country to continue its economic rebound through 2022 and 2023. We are projecting that economic growth will be fueled by continued strong recoveries in the tourism, construction, and the real estate sectors.
Local authorities and the international rating agencies believe that as long as the strong performance in the tourism, construction, and real estate sectors remains, Real GDP will continue to grow.
They are forecasting a greater than 7% growth in 2022, and an average growth of around 5% for the following 3 years – i.e. 2023, 2024, and 2025.
This positive forecast comes on the heels of estimates that the TCI economy grew by more than 10% in 2021.
Notwithstanding the very strong growth last year, the GDP remains below pre-pandemic levels. Mr. Speaker, the economy is simply “catching up” after a significant decline of approximately 27% that it experienced in 2020.
Mr. Speaker, our Government will continue to use all the tools at our disposal to expand and diversify the economy, and most importantly create opportunities and prosperity for all our people,” said the Deputy Premier.
The PNP administration with its Budget presented under the banner: ‘An Economy that Works for All People, Opportunity and Prosperity’ has created a new category in the expenditure estimates, and it gives the National budget a category called Economic Affairs which due to its focus areas makes it the allocation leader. For the first time in decades, health care will not get the lion’s share of the TCI budget, Economic Affairs will.
According to DP and Minister of Finance E. Jay Saunders this includes: infrastructure development and land acquisition; tourism product enhancement, agriculture, catastrophic risk insurance; Environmental and Coastal resources; Energy & Utilities and Media & Communications.
“We want our people to live their best lives! We are laying the foundations to advance growth and development. We are creating a future that our people can look forward to and one that our young people can get excited about.
We made several promises in The People’s Contract on how we would create that future,” said Hon Saunders in his maiden Budget Communication.
The allocation for Economic Affairs is $103 million dollars; putting the new grouping at the top of the heap.
At No. 2 is health care.
“Mr. Speaker, the health of our people continues to be a significant priority of our Government. That is why we are allocating over $78.9M (20%) of the budgeted expenditure to health care delivery. Our focus remains the provision of quality care, including: Public Health and Hospital Services; Mental Health; Research; Health Emergencies; Dental; Laboratory Services; the promotion of Healthy Lifestyles, and Policy Planning.
The third largest allocation said Hon Saunders is $63.7 for public order and safety.
“Of this amount: $32.5M will go towards Police Services; $19.2M is for the Law Courts, AG Chambers, Director Public Prosecution, Judicial Administration, and the Labour Tribunal; $8.2M for Public Order, including Disaster Management, Customs and Border Protection, Immigration, and Repatriations; $5.4M for Prisons, Correctional, and Rehabilitation Services and $1.3M dollars for Fire and Rescue.”
In the No. 4 spot is what the minister called General Public services and including the Governor’s office, the Premier’s office and the House of assembly and Education rounds out the top 5 with an increase to $37.5 million this financial period.
“Like prior PNP administrations, we are increasing the education and training capacity of the TCI. We are focused on creating modern schools that are accessible, equipped with the latest technical tools, and the right student/ teacher ratios.
We are creating curricula that provides the right mix of literacy, numeracy, and technology to best position our students to thrive in the global marketplace.
We are continuing our investment in early childhood, primary, secondary, tertiary, and vocational education with an investment of $37.5M.
Our priorities include: Improving early childhood, primary, secondary, and tertiary education; Providing scholarships to young people at the community college level; Maintaining recreational/sporting facilities; Supporting TVET pursuits.”
These and other national spending reveals came in the Budget Communication delivered by the minister on Tuesday May 3, 2022.
As the Budget Communication rolled out the future for spending, Hon Saunders introduced the plans with comparisons, providing some context on the economic performance of the Turks and Caicos Islands for the previous period.
“Mr. Speaker, the Import Receipts tell a story of feverish activity, especially in the construction sector. As an example, total Merchandise Imports – i.e. imports into the country – for Calendar Year 2021 were valued at $485.9M, which was a year-over-year increase of approximately $136M (39%) over 2020.
And I am happy to report that 2022 is looking equally as strong.
During the first three months of 2022 (i.e., January – March), Merchandise Imports increased by $59.7M over the same period in 2021. In the first quarter of 2021, Merchandise Imports were valued at $93.9M. This year, first quarter imports were at $153.6M. That’s a 64% improvement! Mr. Speaker, that is performance!”
Turks and Caicos Islands in the 2021-2022 fiscal year over-earned by $90 million dollars and underspent by $20 million dollars, for what was a banner year all around.
In what may be its best performance ever the TCI economy has generated a $391 million dollar revenue.
In addition to that, the government spent a staggering $20 million dollars less than was budgeted for the year 2021-2022.
“From this surplus, we put $67.6M into the country’s Cash Reserves, which increased it from $121.7M (the balance at the start of the financial year on the 1st April 2021) to $189.4M – the closing balance at the end of the financial year (i.e. 31st March 2022).
That is a 56% increase Mr. Speaker, and that is performance!
Mr. Speaker, due to the country’s strong financial performance under our Government’s stewardship, we have not had to draw down on any of the pre-approved debt facilities at our disposal. And as a result, Mr. Speaker, I am proud to report that we retired the $80M revolving Credit Facility obtained in 2020.”
DP Saunders said $5.8 million is for new projects including a mobile police station and a totally new station to replace the rundown facility which is home to Grand Turk police.
“An additional $1.4M has been allocated to enhance border protection and security. The TCI Regiment will see an increase in its reserve force by 20 officers, with 2 full time permanent posts. A Defence Board will be established to provide oversight.
12 Marine officers will be added to the Royal Turks and Caicos Islands Police Force (RT&CIPF), plus 10 new Immigration Officers. In addition, more money will be allocated to the RT&CIPF to improve intelligence gathering and investigations as we step up crime fighting efforts.”
With all this financial buoyancy from the last fiscal period, Deputy Premier Saunders said this coming financial period is forecast to be even better.
The government’s revenue is projected to hit nearly $400 million dollars well ahead of the 2025 goal.
“That is why I am delighted to report to this honorable house and to the listening public, that:
- Total Revenues collected for financial year 2021/22 was $391.1M, and 2. For the entire financial year of 2021/22 (i.e. from 1st April 2021 to 31st March 2022), which was our Government’s first year in office, every month, we achieved a surplus.
Mr. Speaker, I believe this level of annual revenues to be historic, but I stand to be corrected. Mr. Speaker, $391.1M is: $145M (59%) higher than the average revenues collected over the past 10 financial years, $77.3M (25%) higher than the $315M achieved in the previous best year (i.e. FY2019/20) over the past 10 financial years for revenue collections, $27.5M (7.6%) higher than our original forecast of $363.6M, and $188.8M (93.3%) higher than the Collections for FY2020/21 of $202.3M.
That is performance Mr. Speaker, but we should not be surprised, ‘as The plans of the diligent lead to profit…’ (Proverbs Chapter 21, Verse 5). Mr. Speaker, what seemed optimistic last year, with the blessings of God, now seems pessimistic.
Mr. Speaker, our healthy Operating Surplus, coupled with prudent spending practices, have allowed our Government to maintain a resilient Cash Flow position and strong Cash Reserves,” said E. Jay Saunders, the Minister of Finance, Investment and Trade and Deputy Premier of the Turks and Caicos Islands.
The National Budget was debated over two days and passed in the House of Assembly on Thursday May 5, 2022.
News
The Turks and Caicos Islands Set Positive Start to 2026 with Increase in January Stayover Arrivals
PROVIDENCIALES, TURKS AND CAICOS ISLANDS – (February 25th, 2026) – The Turks and Caicos Islands began 2026 on a positive note, with stayover arrivals in January surpassing the same period in 2025.
Preliminary figures indicate that 56,830 stayover visitors arrived in January 2026, representing a two percent increase year-on-year. The steady growth continues the positive momentum experienced at the close of 2025.
Mr. Paul Pennicook, Interim CEO Consultant, attributed the encouraging performance to new collaboration with tour operator partners as well as increased airlift from key source markets.
“We anticipated a strong January performance following the growth recorded in November and December. The winter season has traditionally been a robust period for the Turks and Caicos Islands, and this year that strength has been further supported by enhanced collaboration with partners and expanded airlift from Canada and the United States We are cautiously optimistic about maintaining this upward trajectory in the weeks and months ahead.
Cruise Sector
In cruise, preliminary figures show 122,935 cruise passenger arrivals in January, reflecting a 15 percent decrease compared to January 2025.
The decline is attributed to a reduction in cruise calls during the month. A total of 33 vessels called on Grand Turk in January, seven fewer than during the corresponding period last year.
Marketing Shows
As part of its ongoing efforts to position the Turks and Caicos Islands as a premier luxury destination, Experience Turks and Caicos has been actively participating in the Travel & Adventure Shows across several major cities in the United States.
The destination has already been showcased in Washington, D.C., New York, and Chicago, with Fort Lauderdale and Denver scheduled in the coming weeks.
Public Relations Manager Laura Dowrich represented the Turks and Caicos Islands alongside the destination’s U.S. marketing agency, ABA Global.
Beaches Turks & Caicos – Stone Creek Travels
“One of the most encouraging takeaways from these shows is that the Turks and Caicos Islands is indeed on travellers’ radar. We met many visitors who shared fond memories of their time here, others who already have trips booked and were seeking recommendations on activities and dining, and many more who aspire to visit. It was a pleasure highlighting our multi-island destination and sharing the many experiences that make the Turks and Caicos Islands truly special,” said Ms. Dowrich.
Awards & Recognition
Building on a stellar year of accolades in 2025, the Turks and Caicos Islands has begun 2026 with additional international recognition.
The destination earned a Gold Badge in the U.S. News & World Report rankings, placing #5 in Best Family Vacations in the Caribbean and #5 in Best Beaches in the World. In the USA Today 10Best Readers’ Choice Awards, Grand Turk was ranked #10 among the Best Caribbean Islands to Visit.
About Experience Turks and Caicos
Middle Caicos Dragon Cay Resort
Experience Turks and Caicos is the official destination marketing and management organisation (DMMO) for the Turks and Caicos Islands. The organisation is committed to positioning the destination as a premier, sustainable luxury tourism hub. By leveraging smart tools, data-driven strategies, and stakeholder collaboration, Experience Turks and Caicos focuses on enhancing the visitor experience and fostering long-term industry success.
About the Turks and Caicos Islands
The Turks and Caicos Islands consist of two island groups in the Lucayan Archipelago—the larger Caicos Islands and the smaller Turks Islands. Home to some of the world’s most pristine beaches, including the award-winning Grace Bay Beach, the destination is renowned for its crystal-clear turquoise waters, luxury accommodations, and rich cultural heritage. Each island and cay offer a unique experience:
- Providenciales boasts world-class resorts, fine dining, and high-end tourism offerings.
- Grand Turk serves as the vibrant hub for cruise tourism and historical exploration.
- The sister islands provide a gateway to nature, adventure, and authentic local culture.
Recognised as the world’s best-kept secret, the Turks and Caicos Islands offer effortless luxury, with seamless connectivity via direct flights from major cities in the United States, Canada, and the United Kingdom.
Photo Captions:
Grand Turk – slow travel with us
North Caicos – Correy Forbes
South Caicos Sail Rock
Providenciales, Turks and Caicos Islands – Wednesday, 25 February 2026: Staff of the Department of Disaster Management and Emergencies (DDME) participated in a one‑day Professional Staff Development Workshop on Thursday, 19th February 2026. The session was facilitated by former DDME Director (2011–2021) and current Permanent Secretary of the Governor’s Office, Dr. Virginia Clerveaux.
The in-house workshop was organised by the DDME Training Unit, to focus on the National Disaster Management Framework, strengthening staff understanding of their roles and responsibilities within disaster management. The session also aimed to enhance the effectiveness of the National Emergency Operations Centre (NEOC) and reinforce inter‑agency coordination.
Drawing on her extensive experience in disaster management in the Turks and Caicos Islands, as well as several deployments to CDEMA member states including Haiti, The Bahamas, and Jamaica, Dr. Clerveaux provided practical insights that reinforced key concepts and clarified operational expectations. Staff members actively participated in discussions and shared recommendations to improve sub‑committee performance and overall departmental efficiency.
To support learning retention, the workshop incorporated pre‑ and post‑assessments, enabling participants to evaluate their understanding and track improvements.
Acting Director of DDME, Mr. Kevaun Lucas stated: “Investing in the continued development of our team is essential to strengthening national resilience. This and future planned workshops will help to reinforce our commitment to building a highly skilled, well‑coordinated workforce capable of leading and supporting disaster management efforts across the Turks and Caicos Islands. I am proud of the team’s engagement and encouraged by the meaningful contributions they made throughout the session.”
This Professional Staff Development Workshop forms part of DDME’s ongoing commitment to enhancing internal capacity, strengthening operational coordination and improving overall departmental synergy as the agency continues to advance national preparedness and response capabilities.
Photo Captions:
Caribbean News
Liberty Caribbean Supports Regional Forum on AI, Cyber Resilience and Digital Inclusion
Port of Spain, TRINIDAD & TOBAGO (February 24, 2026) — Liberty Caribbean, the operators of Flow, Liberty Business and BTC, recently served as Gold-Level Partner of the two-day Trinidad and Tobago Internet Governance Forum (TTIGF), themed “The Innovation Paradox – Balancing Progress with Responsibility and Resilience”.
The Digital Divide is of particular interest to Liberty Caribbean and is being addressed through its Charitable Foundation across the region. Low broadband penetration in the Caribbean contributes to diminished opportunities for individuals, communities, and local economies, but with the support of funding partners, this gap can be addressed through a comprehensive programme – JUMP – that focuses on providing access, devices, and digital skills.
“Liberty Caribbean was proud to serve as Gold-Level Partner of the TTIGF because the conversations taking place here shape key digital
policies for multiple stakeholders,” said Simone Martin-Sulgan, Vice President and General Manager, Flow Trinidad.
“As technology accelerates at an unprecedented pace, we must ensure that innovation strengthens our societies rather than fragments them. The theme, ‘The Innovation Paradox – Balancing Progress with Responsibility and Resilience,’ speaks directly to the work we do every day: building networks that are not only fast and reliable, but secure, inclusive and future-ready.”
Across the Caribbean, the digital divide remains one of the most pressing barriers to equitable growth. Low broadband penetration limits access to education, entrepreneurship and essential services, and that is why we are deeply committed to closing this gap.
Through the Liberty Caribbean Charitable Foundation and initiatives like the JUMP Programme, the company is expanding access to technology, affordable connectivity and digital skills training so that individuals and communities are empowered to participate fully in the digital economy.
Martin-Sulgan further stated “at Liberty Caribbean, we believe progress and responsibility must move in lock step. By investing in resilient networks, inclusive programmes and trusted partnerships, we are helping to build a Caribbean that is innovative, secure and prepared for the opportunities ahead.”
Topics covered during the Forum, with over 140 participants, included “Securing Critical Infrastructure”, Integrating AI into Digital Transformation”, “The Digital Divide”, The Human Cost of Innovation – Mental Health and Well-being in the Digital Age’, and AI, Cyber Resilience and Regional Innovation”.
Focused on the underlying mandate of the Conference theme thought leaders, innovators, policymakers, technologists, researchers, and community stakeholders were invited to explore how countries can evolve boldly without compromising values or long-term stability.
Photo Caption:
TTIGF – l-r Darren Campo, Regulatory & Compliance Officer; Yolande Agard-Simmons, Senior Manager Communications; and Kevon Swift, Senior Manager Government and Regulatory Affairs of Flow Trinidad in attendance at the Post Event Mixer at Caribbean Telecommunications Union’s Head Office in St Clair, Port of Spain
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News4 days agoDDME Staff Strengthen Disaster Management Capacity Through Professional Development Workshop
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News1 week agoMulti-Agency Enforcement Action Conducted in Five Cays
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Caribbean News5 days agoLiberty Caribbean Supports Regional Forum on AI, Cyber Resilience and Digital Inclusion
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News4 days agoThe Turks and Caicos Islands Set Positive Start to 2026 with Increase in January Stayover Arrivals