An increase in the special consumption tax, for pure alcohol and cigarettes, is intended boost government’s earnings by over 2 billion dollars.

Finance Minister Fayval Williams outlined the revenue measures yesterday, when she tabled the estimates of expenditure for 2026/2027.

For pure alcohol, the expected gain is about 1.6 billion dollars.

While for cigarettes, its about 1.1 billion dollars.

Another revenue measure is the modification of the duty concession on motor vehicles for public sector officials.

The change relates to the new application of general consumption tax, which is expected to bring in about 1.3 billion dollars.

Mrs. Williams also told the house of plans to increase the GCT on tourism activities.

Due to ongoing post hurricane Melissa recovery by the tourism sector, this measure would be deferred until 2027.

She noted that property tax revaluation is underway, and the new tax rates will be applied in the next fiscal year, 2027/2028.