PM to Address Strategic Areas for Growth in First Budget Speech

Press Release:Prime Minister Honourable Allen Michael Chastanet and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service, Honourable Allen Michael Chastanet will on Tuesday 09 May 2017 at 5:00 p.m. table the Appropriation Bill 2017/2018 and deliver his first Budget Address.  

At the House of Assembly Meeting the Prime Minister will present a roadmap for the country and focus on the implementation of programmes, projects and policies to “Build a New Saint Lucia.”

The Prime Minister will lay out the Government’s specific plans for this year as well as the strategic priority areas for the next four years including Creating Sustainable Employment, Social Reengineering, Tourism, Agriculture, Security and Justice, Energy and Climate Change.

On Wednesday April 26th 2017 the Government announced an expanded capital programme in support of stimulating economic activity. During his summary on the Estimates of Expenditure the Prime Minister proposed expenditure amounting to $1.513 billion dollars.

The Prime Minister will tomorrow evening outline the medium to long term fiscal strategy which includes the announcement of tax reforms. Notably, the Government has already announced increased injection of capital into agriculture, infrastructure and social programmes.

The Debate on the Appropriation Bill follows from Wednesday, May 10, 2017 at 4:00 p.m., Thursday, May 11 and Friday, May 12, 2017 at 9:00 a.m.  

 

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11 Comments

  1. Febert
    May 9, 2017 at 6:52 am Reply

    Pm doesn’t know his head from his a… worse budget in history

  2. Anonymous
    May 9, 2017 at 7:42 am Reply

    I’m sick of that man.

  3. jonathan
    May 9, 2017 at 8:12 am Reply

    This guy is just useless!! We messed up big time. Oh!! He lies a lot too.

  4. Anonymous
    May 9, 2017 at 9:07 am Reply

    Even though I have my doubts, I would like Mr. Chastanet to produce a budget that would alleviate hardships and create the opportunities for Lucian to lift themselves out of the economic malaise. There are so many glaring areas that need improvement. If this budget fail to deliver for the ordinary person, it would become Mr. Chastanet’s Waterloo.

  5. Terence Joseph
    May 9, 2017 at 11:01 am Reply

    You all red eye blind fools,you had a administration who was there for 15yrs they promise better days the only thing you all got was taxes to your throat unemployment, bad hospitals bad schools crumbling fire stations a security service in bad order etc.but now someone with a better vision is there you all just criticizing. I believe he is very courageous man you all will not stop him.

  6. Anonymous
    May 9, 2017 at 11:04 am Reply

    Let’s give the cabinet blind mice a chance . Change is here uh chew nou

    1. jah I
      May 9, 2017 at 11:41 am Reply

      What’s yr point.?

  7. Vibz
    May 9, 2017 at 11:47 am Reply

    For the good of all citizens, let’s hope that Mr. Chastanet surprises us and delivers a budget that has something positive for everyone. Let’s give him the benefit of the doubt to prove all his doubters like me wrong. I want to wish him well for the good of St. Lucia. After the budget address I will give my unbiased assessment.

    1. Anonymous
      May 9, 2017 at 3:06 pm Reply

      The BUDGET has already been delivered. It is one point five billion dollars and change. Today, the Minister for Finance is going to the House to get permission to take the money from the Consolidated Fund (from the Treasury). In seeking this permission, he needs to make out a case. So the law gives him two hours to make that case. This is the speech that we call the Budget Policy Speech, because the law says the debate involved must be on the economic state of the island, and the general principles of policy that will underscore the spending of that money. I hope you understand. Irie?

      1. D
        May 9, 2017 at 9:16 pm Reply

        Thank you. Very enlightening

        1. Anonymous
          May 10, 2017 at 12:06 am Reply

          You’re most welcome.

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