Against the backdrop of a hike in gasoline, diesel, and LPG 100 lb cylinders as of Monday and a continuing rise in the cost of living, Prime Minister Philip J. Pierre has reiterated the need for what he describes as a ‘livable’ wage.
Pierre, responsible for Finance, made the remarks while asserting that there must be a mature and holistic approach to dealing with the cost of living issue.
He told reporters that inflation is a serious matter.
“As I said in the campaign – we have to move away from the minimum wage. We have to talk about a livable wage and it’s a discussion we are going to have,” the Castries East MP disclosed.
But he asserted that his administration, which swept to power after the July 26, 2021, general elections, was months old and found that the outgoing Allen Chastanet government had left a ‘fiscal mess’ behind.
“The former Prime Minister should tell you why did he leave payables of 154 million dollars on the books of the country. We have reduced it to 139 million but we found it. He must tell you why did he borrow money – election roads which we have to pay back at five and a half percent over five years. He must explain that to you,” Pierre declared.
“So the state of the economy is not only because of COVID, of course COVID had a serious impact on it and we understand that, but the former Prime Minister must tell you why did he leave this fiscal mess for us to handle,” the Prime Minister told reporters.