Prime Minister warns of economic problems for St. Lucia

  • Home
  • Prime Minister Warns of Economic Problems For St. Lucia
Jan 04, 2013

CASTRIES, St. Lucia, Jan 4, CMC - Prime Minister Dr. Kenny Anthony says St. Lucia has the largest fiscal deficit in the Caribbean as he prepares to address the nation on Sunday on the economic challenges facing the island. "Where as other Caribbean states might have a fiscal deficit of seven to eight per cent of GDP (Gross Domestic Product), we are climbing up to 10 per cent. That’s a warning sign so we have really got to ensure that we bring it under some degree of control, and resolve those differences. “So when you see for example I plead for understanding from our public service unions and others engaged in the negotiations, it precisely for that reason because we need to restore St. Lucia's financial standing,” Anthony told a government housing development ceremony.

You may also be interested in:

caricom-1
CSME, food security, climate finance top agenda of CARICOM Summit in The Bahamas
The CARICOM Single Market and Economy (CSME); food security; climate change and climate finance; health; and security will be among the major topics when Heads of Government of
Anonymous
A Building Energy Efficiency Project was introduced at the CARICOM Secretariat in December 2014
CARICOM Secretariat and Caribbean Agency for Justice Solutions (CAJS) Forge Partnership to Accelerate Digital Transformation
The CARICOM Secretariat (CCS) and the Caribbean Agency for Justice Solutions (CAJS) have come together in a significant partnership aimed at advancing digital transformation an
Anonymous
Statement by Hon. Dr. Joyelle Clarke, Minister of Sustainable Development, Environment, Climate Action and Constituency Empowerment of Saint Kitts and Nevis| High-Level Segment, 16th Meeting of the Conference of Parties of the UN Convention on Biological Diversity| Cali, Colombia| 30 October 2024
Anonymous