COVID-19 STATISTICS:

6,302,586
Confirmed cases
Updated on June 1, 2020 11:24 am
374,555
Deaths
Updated on June 1, 2020 11:24 am
2,866,939
Recovered
Updated on June 1, 2020 11:24 am

Saint Lucia PM Cites Lower Budget Deficit

Press Release:- Prudent fiscal management by the Government of Saint Lucia has resulted in a better budget outcome than anticipated.

Prime Minister and Minister for Finance, Hon. Allen Chastanet, in delivering the Estimates of Revenue and Expenditure 2019/2020 on Wednesday, April 10, reported that a lower budget deficit of $68.43 million was achieved, compared to $163.92 million recorded in the Estimates of 2018/2019.

The Prime Minister explained that this was due to the combined effect of higher than anticipated revenue, and under spending.

A surplus of $37.3 million was realized from the Citizenship by Investment donation receipts. Tax receipts registered an increase of 5.17 percent, representing $54.12 million above the last financial year. Non tax receipts amassed $69.26 million, a 10.1 percent increase over the approved estimates.

The improvement in revenue outcome for the non-tax category is largely the result of higher than anticipated receipts from motor vehicle and drivers’ licenses.

Trending

Botham Jean’s Mother Speaks On The George Floyd Incident Amidst Protests In The U.S

NBCDFW:- George Floyd’s final moments, captured on a cell phone camera, have been seen worldwide by millions, including by the mother of Botham Jean...

Antigua airport to open on June 1; airport storeowners not optimistic

Antigua Observer: Business operators inside the VC Bird International Airport (VCBIA) are expressing doubts over their market prospects, ahead of a resumption in commercial...

Wife Of Officer Charged With Murder Of George Floyd Says She’s Divorcing Him

NBC News:- Kellie Chauvin, the wife of former Minneapolis police officer Derek Chauvin, said she is filing for divorce after 10 years of marriage. In...

Saint Lucia Prepares For Reopening Of Borders

Press Release:-  As May 28, 2020, the World Health Organization has recorded a total of 5, 593, 631 cases and 353, 334 deaths. Within...

st lucia news online. st lucia news. 

8 Shares
Share8
Tweet
Email
WhatsApp