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PM PROMISES BUDGET WITH A DIFFERENCE

The Budgetary process is underway and Prime Minister and Minister for Finance Allen Chastanet says a few changes will come.

Chief among them he says is the timeframe in which officials will be able to draw down on allocated funds. 

The 2018 Budget address is expected sometime in May.

Chastanet presented his maiden Budget 2017. The 1.5 billion-dollar estimates were presented under the theme “building a new Saint Lucia,” and promised development based on an aggressive pro-growth plan.

They promised multiple luxury resorts and introduced hard line cost cutting measures, including the closure of Radio Saint Lucia, axing the National Trust’s annual subvention and plans for privatization of state agencies.  

 

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3 comments

  1. hope you will not give enst & young 1 percent to prepare this budget again

  2. PM in this budget you need to propose a way out of the deficit the current and former administration has continued to trade on. Stop allowing all inclusive hotels who is holding this country at ransom, the evidence is clear as daylight this country cannot sustain it’s monthly expenditure unless getting finance or taking hands-out from other country and selling out the good-will of this nation. Make this island a Duty Free from north to south and from east to west, 100% duty free Island is the only solution to deal with this economical tragedy.

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