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Budget preparations underway in St Lucia
Published on March 15, 2014 Email To Friend    Print Version

CASTRIES, St Lucia -- Saint Lucia’s prime minister and minister for finance, economic affairs, planning and social security, Dr Kenny Anthony, has begun preparations for the 2014/15 Budget.

Dr Kenny Anthony
As was done over the last two years, the prime minister has already started to meet with public and private sector groups and representatives, to hold discussions on the state of the economy and to exchange ideas on the policy directions for the new financial year.

Earlier this year, Anthony participated in a retreat on the economy, with representatives of the Saint Lucia Chamber of Commerce; the Saint Lucia Hotel & Tourism Association; the Saint Lucia Trade Union Federation, among other organisations.

At the retreat, views were exchanged on how to contain and reduce the island's debt, the overriding need to reduce the fiscal deficit and possible new economic initiatives for Saint Lucia.

This week, the prime minister met with all permanent secretaries and heads of key public sector agencies to discuss budgetary parameters for the 2014/2015 financial year.

The date for the 2014/2015 debate on the Estimates of Revenue and Expenditure will be announced in the next few weeks.
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