Prime Minister to outline budget measures on Tuesday
May 14, 2013
CASTRIES, St. Lucia, CMC - Prime Minister Dr. Kenny Anthony will Tuesday provide details of his administration’s fiscal policy for the next 12 months when he presents the national budget to Parliament. The government is expected to table an EC$1.3 billion (One EC dollar = US$0.37 cents) fiscal package and has already indicated that the recently introduced value added tax (VAT) would not be increased. “I want to make it clear, contrary to rumours be circulated, that the government of St. Lucia has no intention to increase VAT beyond the 15 per cent,” Anthony, who is also the Finance Minister, told legislators late last month during the debate on the estimates.
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