Chastanet says there is no fiscal space

Chastanet says there is no fiscal space

Prime Minister, Allen Chastanet, has asserted that Saint Lucia has a problem of having no fiscal space.

“If you take how much money we have borrowed so far and what the cost of financing that is, -if you assume that we are going to continue running a deficit government of a tune of about $200 million, all we will be able to do is maintain the 82 percent debt to GDP that we have and potentially it might go higher,” Chastanet told reporters.

He said it was necessary to restructure the country so that the money that is being spent will generate growth.

“The only way we can turn this thing around is by growing the economy and then putting a freeze on the existing costs that we have,” the Prime Minister, who is also Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service, said.

 

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29 Comments

  1. Sharon terrell
    February 21, 2017 at 10:15 am Reply

    Yeah thieving Leather Face Kennyochio Anthony,liar,where the money boy.yeah you have it in Trinidad or the Caymans islands whiles people suffer in povety crime and caious.Kenny where thee money,Kenny Kenny i hate you Kenny i hate you mf.Lock them up Chastanet, kenny should and need prison in a dungeon.Kenny,Kenny Kenny.

    1. Anonymous
      February 21, 2017 at 10:31 am Reply

      Hahahahahahahahahahabhahahahahahahahahahahahaha……. what a laugh Sharon Terrell !!!

    2. Anonymous
      February 21, 2017 at 11:00 am Reply

      Totally agree

    3. For Country
      February 21, 2017 at 11:59 am Reply

      Why are you all so politically blinded…. W all should be concern about Saint Lucia and keeping our country away from the IMF….Yes, the country is broke, however….Why all these contracts with exorbitant figures? We are already paying minister salaries of over $8,000, why can’t they pay for their training…why add an additional burden to st lucia’s pocket of over 500,000 to pay for government officials training? enough with this party crap… and let us all start thinking of country…let us put our country first

    4. Waden
      February 21, 2017 at 2:19 pm Reply

      S Terrell ur ignorance is a disease that can b cured with knowledge doh make it a disability u like a Domino player every were u hear Bo u play a comment to display ur p brain game 😁

    5. Anonymous
      February 21, 2017 at 6:18 pm Reply

      Las bat chew

  2. Anonymous
    February 21, 2017 at 10:45 am Reply

    No fiscal space! Is it not a fact Mr.PM, that the previous government did in fact create some fiscal space prior to their election loss? I will argue that your reckless squandering of tax payers money has quickly made things worse! Yeah I know…..because I am not saying positive things about the government I am labour…….
    Sad!

    1. Anonymous
      February 21, 2017 at 11:04 am Reply

      Where did you get that information? Why do we let Kenny and the labour party continue to fool us. If there was a semblance of fiscal space the educated people of St Lucia would not have voted them out so badly. Do you ever wonder why the SLP government never debated their last budget? Only because it was a bunch of lies.

      1. The Crow
        February 21, 2017 at 1:58 pm Reply

        Where did the money come from to pay Ernst and Young? Where did the money come from to pay for the “Forensic Audit” of St. Jude? Where did the money come from to pay for the inauguration ceremony in V/Fort? Where is the money coming from to pay for the largest cabinet of ministers? Where is the money coming from to pay from “A to Z”?

        You have said “The only way we can turn this thing around is by growing the economy . . .” Please, tell me how you intend to do so. Now don’t tell me DSH because you know what has happened to “Bahamar”.

        If there is no fiscal space then create it and stop “B*$ching” about it!

      2. Anonymous
        February 21, 2017 at 4:57 pm Reply

        Let’s say I accept your comments and the previous government was all about lying. Please comment about our present situation and our present government. No reduction on fuel. Remember we marched when the price was going down. Secret signing of contracts, consultants here there and everywhere! Bull cheap is bull carp, red or yellow! Put the country first!

  3. Sad-But-True
    February 21, 2017 at 10:45 am Reply

    Evil Chastanet loves spending the Slaves monies, yet, returns and cries like female cur when he has extended all this island’s riches to his white owned businesses. When will you Albinoid Devil come and straight and resign. Pack your kindergarten school bags and lunch carriers and kick yourself back to your homeland, Martinique.
    Next election, you’re done!
    And I will personally escort you back to Martinique.
    Your citizenship will be revoked!

    1. Anonymous
      February 21, 2017 at 3:52 pm Reply

      😂😂😂😂……SAD AND BLUE….BOY U LIKE A COMIC…IM DYING….😂😂😂😂

  4. Sad-But-True
    February 21, 2017 at 10:46 am Reply

    Evil Chastanet loves spending the Slaves monies, yet, returns and cries like female cur when he has extended all this island’s riches to his white owned businesses. When will you Albinoid Devil come and straight and resign. Pack your kindergarten school bags and lunch carriers and kick yourself back to your homeland, Martinique.
    Next election, you’re done!
    And I will personally escort you back to Martinique.
    Your citizenship will be re.voked!

    1. Anonymous
      February 21, 2017 at 3:53 pm Reply

      😂😂😂😂…..SAD AND BLUE….ST.LUCIAS BIGGEST CLOWN….😂😂

  5. Sad-But-True
    February 21, 2017 at 10:50 am Reply

    Evil Chastanet loves spending the Slaves monies, yet, returns and cries like afemale cur when he has extended all this island’s riches to his white owned friend’s businesses. When will you Albinoid Devil come straight and resign. Pack your kindergarten school bags and lunch carriers and kick yourself back to your homeland, Martinique.
    Next election, you’re done!
    And I will personally escort you back to Martinique.
    Your citizenship will be re.voked!

    1. Anonymous
      February 21, 2017 at 3:59 pm Reply

      There he goes again talking poop

  6. Sad-But-True
    February 21, 2017 at 11:01 am Reply

    And I am grateful that this Evil Bipolar Specimen is ruling the Blacks in SLU. You get what you wanted. The coffers are being emptied to enrich themselves. Their white friends are smiling all the way to the bank, while the Black St. Lucian children can’t eat. Forestierre coolies are given millions once again, while St. Lucian Blacks can’t buy food off the shelves 🙂
    I love it.
    Lmao.
    Chew Zot bonn! Lol

    1. Black Turd
      February 21, 2017 at 3:57 pm Reply

      Idiot….Are you sure you black??…I hope if you run your dna you come 100% african…cause most west indians are mixed…black and white foolishness

  7. Anonymous
    February 21, 2017 at 11:33 am Reply

    What’s with all those “cuss” words in Kweyol? We really are something else!

  8. Me
    February 21, 2017 at 11:53 am Reply

    But, if the government have so many issues with Money way they do not think give the St Lucia citizenship the people are waiting for

  9. Anonymous
    February 21, 2017 at 11:57 am Reply

    The devil busy using some of you on this plat form. May God still have mercy upon us! SMH

  10. For Country
    February 21, 2017 at 11:59 am Reply

    Why are you all so politically blinded…. W all should be concern about Saint Lucia and keeping our country away from the IMF….Yes, the country is broke, however….Why all these contracts with exorbitant figures? We are already paying minister salaries of over $8,000, why can’t they pay for their training…why add an additional burden to st lucia’s pocket of over 500,000 to pay for government officials training? enough with this party crap… and let us all start thinking of country…let us put our country first

  11. Anonymous
    February 21, 2017 at 12:54 pm Reply

    Sharon I think u should stop your nonsense .

  12. concern citizen
    February 21, 2017 at 1:13 pm Reply

    To many ministers to pay I knew that would create a huge problem for the country and I think Allen knows that to he is to ashame to admit it

  13. Anon1
    February 21, 2017 at 1:17 pm Reply

    The first thing you should have done when you won was reduce the salaries of MPs and yourself.

    I told you so before, you would have come across a lot more genuine. A PM with some testicles willing to lead by example.

    Cut out dead weight Civil Service post.

    And the ultimate legal MONEY spinner, legalise Cannabis for mass production and export. Its a BILLION $$$$ industry where there is ABSOLUTELY no reason why St Lucia can’t capitalise on.

    But you keep sticking to squandering the little money we have on Tourism.

    Think buddy think!

    You may cause some upset here and there but think of the bigger picture the survival of your EMPLOYERS – THE PEOPLE OF ST LUCIA

  14. Anon1
    February 21, 2017 at 1:18 pm Reply

    The first thing you should have done when you won was reduce the salaries of MPs and yourself.

    I told you so before, you would have come across a lot more genuine. A PM with some testicles willing to lead by example.

    Cut out dead weight Civil Service post.

    And the ultimate legal MONEY spinner, legal Cannabis for mass production and export. Its BILLION $$$$ industry where there is ABSOLUTELY no reason why St Lucia can’t capitalise on.

    But you keep sticking to squandering the little money we have on Tourism.

    Think buddy think!

    You may cause some upset here and there but think of the bigger picture the survival of your EMPLOYERS – THE PEOPLE OF ST LUCIA

  15. Anonymous
    February 21, 2017 at 3:10 pm Reply

    Every week Chastenet shows up and says the same [REMOVED BY ST. LUCIA TIMES] in different words St. Lucia is broke. No fiscal space. Shut the hell up Chastenet and do your work.

    1. Anonymous
      February 21, 2017 at 6:59 pm Reply

      Agreed shut the toot toot up! do your work you lazy toot toot!

      NEXT ELECTIONS YOU OUT.

      I DID NOT VOTE LAST YEAR BUT NEXT ELECTIONS I MAKING SURE I VOTE TO PUT YOU OUT.

      YOU EMPTYING THE TREASURY AND YOU SAYING NO MONEY.

      WHAT HAPPEN TO THE VAT MONEY SACREE VOLEUR.

      IT LOOK LIKE YOU TRYING TO SINK THAT INTO THE PEOPLE’S MINDS.

      VERY SUBLIMINAL. YOU TELLING THE PEOPLE TO PREPARE FOR HAD TIMES.

      PEOPLE REVOLUTION! REVOLUTION! REVOLUTION!

  16. Concern
    February 21, 2017 at 7:12 pm Reply

    I am sick and tired of these Useless Worthless People what happened to the United Workers Party???

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