stluciatimes, caribbean, caribbeannews, stlucia, saintlucia, stlucianews, saintlucianews, stluciatimesnews, saintluciatimes, stlucianewsonline, saintlucianewsonline, st lucia news online, stlucia news online, loop news, loopnewsbarbados


Chastanet On Government Borrowing: “What Are They Doing With All This Money?”


Opposition leader Allen Chastanet has expressed concern over government borrowing, asserting that the Saint Lucia Labour Party (SLP) Government is about to borrow $350 Million at Tuesday’s Parliament.

In a Facebook post, Chastanet said the sum included $100 Million US or $271 Million EC from the Export-Import Bank of the Republic of China for Budgetary support and $30 Million US or $81 Million EC from the International Development Association to finance the COVID-19 Response.

“This new debt follows the Government’s last set of borrowing, which took place at the sitting of Parliament held on July 12th, 2022,” the former Prime Minister observed.

Chastanet said at that time, the SLP administration borrowed approximately $130 Million EC.

“This means that between July and October of this year, the Government of Saint Lucia would have borrowed $480 Million EC or almost half a billion EC dollars,” the United Workers Party (UWP) leader declared.

And he asserted that the borrowing was most disturbing because the people have received no form of financial support during the current inflation crisis.

According to Chastanet, the Government has failed to deliver on its promise of $1500 of income support to citizens.

In addition, he said the SLP allowed the price of bus fares and electricity to increase while keeping the price of gasoline, diesel, kerosene, and cooking gas at “unacceptably high levels.

“What are they doing with all this money? Instead of protecting their victory, they should be protecting you. You surely deserve better!”” The Micoud South MP wrote.

Any third-party or user posts, comments, replies, and third-party entries published on the St. Lucia Times website ( in no way convey the thoughts, sentiments or intents of St. Lucia Times, the author of any said article or post, the website, or the business. St. Lucia Times is not responsible or liable for, and does not endorse, any comments or replies posted by users and third parties, and especially the content therein and whether it is accurate. St. Lucia Times reserves the right to remove, screen, edit, or reinstate content posted by third parties on this website or any other online platform owned by St. Lucia Times (this includes the said user posts, comments, replies, and third-party entries) at our sole discretion for any reason or no reason, and without notice to you, or any user. For example, we may remove a comment or reply if we believe it violates any part of the St. Lucia Criminal Code, particularly section 313 which pertains to the offence of Libel. Except as required by law, we have no obligation to retain or provide you with copies of any content you as a user may post, or any other post or reply made by any third-party on this website or any other online platform owned by St. Lucia Times. All third-parties and users agree that this is a public forum, and we do not guarantee any confidentiality with respect to any content you as a user may post, or any other post or reply made by any third-party on this website. Any posts made and information disclosed by you is at your own risk.


Please enter your comment!
Please enter your name here


Subscribe to our St. Lucia Times Newsletter

Get our headlines emailed to you every day.

Share via
Send this to a friend