Deandrea Hamilton

Editor

Turks and Caicos, May 23, 2025 – Premier Charles Washington Misick has unveiled what is viewed as a “banner year” budget for the Turks and Caicos Islands, forecasting $549.5 million in revenue for the 2025/26 fiscal year.

The theme: “Building Prosperity & Securing Our Future,” signals a bold promise to transform the country’s infrastructure, improve public services, and confront pressing national issues—chief among them, a deepening housing crisis and escalating security threats.

Despite the ambitious tone and large allocations, critical questions remain about whether the budget sufficiently addresses the most urgent needs of the population.

Housing Crisis: A Priority or a Placeholder?

The Premier acknowledged the country’s housing deficit, which affects every island, but offered only broad strokes in terms of solutions. His government pledged to invest $23 million in Housing and Community Amenities, a figure that also includes spending on water distribution, treatment, and district administration.

Key initiatives include:

• Designation of traditional communities as special development zones with targeted concessions.
• Increased funding for home repairs, aiming to support vulnerable homeowners.

However, no new housing construction projects or large-scale development plans were announced. There is also a lack of detail on timelines or targets—such as how many homes will be built, rehabilitated, or made available through affordable programs.

Conclusion: The housing crisis is acknowledged, but the government’s response, as laid out in this budget, leans heavily on incremental measures rather than bold new solutions. For citizens facing overcrowding and unaffordable rent, the plan may feel underwhelming.

Crime and Security: A Tougher, Multi-Layered Response

Violent crime, particularly gang-related murders and transnational threats, has reached alarming levels in TCI. In response, the Premier announced a sweeping $106 million allocation for public order and safety—one of the largest single budgetary spends.

Highlights include:

• $49.1 million for the Royal Turks and Caicos Islands Police Force (RTCIPF)
• 76 new police recruits, plus the deployment of 42 tactical officers from Barbados and Jamaica
• Expansion of mobile police stations and planning for new fixed stations, beginning in Providenciales
• Investment in CCTV, gunshot detection, and community policing initiatives
• 24/7 border patrol by Marine Police and increased aerial surveillance
• Radar installations in four strategic coastal locations
• Strengthening partnerships with UK, U.S., Bahamas, INTERPOL, and others

The government cites an 11% decrease in serious crime and a 17% reduction in murders during the first four months of 2025. These early results offer cautious optimism, though much of the security strategy is still unfolding.

Conclusion: On crime, the government is investing heavily and appears to have a coordinated plan, blending immediate response with longer-term capacity building. The emphasis on border control and regional collaboration signals a serious approach to transnational crime.

Revenue Strategy: No Major Tax Increases, Modest Adjustments

The budget outlines $549.5 million in projected revenue, sourced primarily from:

• Accommodation Tax: $133.7 million
• Import Duties: $132.4 million
• Stamp Duty: $50 million
• Work Permits: $50 million

To support this, the government is introducing subsistence-level new revenue measures, including:

• A $40 increase in vehicle license fees
• An import license for large-scale alcohol and tobacco importers

Conclusion: The Premier’s fiscal strategy maintains public stability by avoiding new broad-based taxes while seeking modest new streams to boost revenue. This cautious approach aims to keep inflationary pressure in check while ensuring fiscal health.

Investing in the Future: Youth, Education, Health

The budget also directs funding toward:

• Youth programs, particularly for at-risk youth, as part of a crime prevention strategy
• Education and skills development, though exact figures were not detailed
• Healthcare, with a commitment to better access and affordability

A unified vision to modernize public institutions, improve digital governance, and restore public trust is also part of the long-term reform agenda.

Conclusion: The Premier articulates a future-facing approach, though some sectors lack clear budgetary breakdowns. Education and healthcare are promised support, but housing and social safety nets may require deeper intervention.

Final Assessment: A Balanced but Incomplete Response

Premier Misick’s 2025/26 Budget presents an ambitious and well-funded plan to secure the nation’s future. Investments in security and border protection are decisive and immediate, while economic growth is forecast to continue under stable fiscal policy.

However, for a country in the midst of a housing crisis, the government’s response—while well-intentioned—may fall short of the scale required to meet the moment. Similarly, social challenges linked to crime, youth disengagement, and income inequality require not just infrastructure, but deeper systemic reform.

The Premier concluded his address with a promise to “build a Turks and Caicos that works for everyone.” Whether this budget is the foundation for that future—or merely a stepping stone—will be revealed in the months ahead.

Kingston, Jamaica, May 17, 2025 – Cabinet has approved the introduction of the unemployment insurance benefit, which will be added to the suite of provisions under the National Insurance Scheme (NIS).

The new benefit will serve as a guaranteed safety net for all employees who contribute to the NIS, except for self-employed persons.

Additionally, work is under way to establish the requisite legal and institutional frameworks to implement this important national support system.

“One of the key lessons from the COVID-19 pandemic is the urgent need for a system that supports workers who lose their jobs, helping them to remain financially stable while seeking re-employment,” Minister of Labour and Social Security, Hon. Pearnel Charles Jr., said during his 2025/26 Sectoral Debate presentation in the House of Representatives on Tuesday (May 13).

Meanwhile, the Government has taken a decisive step to strengthen the nation’s social security framework by implementing the Social Protection for Increased Resilience and Opportunity (SPIRO), a US$20-million initiative supported by the World Bank.

Mr. Charles Jr. noted that SPIRO, which was launched last year, represents a transformative shift in social governance, with three strategic pillars – the creation of a unified Social Protection Information System (SPIS), supporting the introduction of unemployment insurance, and modernising of the Labour Market Information System (LMIS).

“The project is already generating impact through comprehensive assessments led by expert consultants, aimed at overhauling labour market services,” he stated.

The Minister further indicated that there will be upgrades to the Electronic Labour Exchange (ELE) and LMIS, which will enhance the digital infrastructure for employment services.

CONTACT: LATONYA LINTON

Release: JIS

Providenciales, TCI – Governor Dileeni Daniel-Selvaratnam has issued a strong call for data-driven, intelligence-led and community-based policing to combat rising crime in the Turks and Caicos Islands. In remarks delivered at the recent swearing-in of Commissioner Fitz Bailey, the Governor underscored the urgent need for reform, accountability and strategic collaboration across agencies and borders.

“Our response to crime must be strategic, data-driven, intelligence-led and collaborative—across agencies, across borders and above all, with the communities we serve,” the Governor said, addressing law enforcement officers and regional dignitaries.

She warned that criminal networks are becoming more sophisticated, and that the TCI is at the “sharp end” of regional security threats. Against that backdrop, she outlined a vision for the Royal Turks and Caicos Islands Police Force as an institution rooted in fairness, strengthened by public trust, and driven by results.

“We must be unforgiving in our zero-tolerance approach to misconduct,” she added. “Wearing the badge must continue to be a source of pride, not of power or privilege.”

Governor Selvaratnam praised Commissioner Bailey for his record of modern, community-focused leadership and said his appointment marked a critical moment for the country’s law enforcement strategy. While the ceremony took place two weeks ago, her words continue to resonate amid ongoing public concern about violent crime and border security.

Quoting from the Bible and invoking the moral arc of justice, the Governor emphasized that effective policing must be grounded in integrity, humility and service.

With regional police leaders from Jamaica and The Bahamas in attendance, the event signaled a united front against shared threats—and a new chapter in the push for a safer, more resilient Turks and Caicos Islands.