Having now successfully stabilised the Government of Saint Lucia’s fiscal position, I am very pleased to deliver the 2024-2025 Budget Statement for Estimates of Revenue and Expenditure.

The 2024-2025 Estimates will lay the foundation for sustainable growth in the economy, and will provide real hope for our people, hope that will provide investment and employment opportunities across all major sectors of the economy. We were able to achieve this feat, despite the precarious position of the economy in 2021 and worsened by the COVID-19 pandemic. We will continue to provide tangible expressions of our commitment to Putting People First.

In presenting the 2024-2025 Estimates, it is important to reflect on the government’s performance in 2023-24. In addition to showing we are an accountable government, this process of reflection will show that this government is credible, delivering on the promises it makes. This is a government that has earned its trust, the dividends of which are showing with increasing investor confidence and respect, and fruitful cooperation with friendly governments and regional and international institutions.

In preparation for today’s Sitting, these Estimates of Revenue and Expenditure were distributed to members last Tuesday evening after the meeting of the House of Assembly on March 19, providing eight clear days for members to adequately review the figures for an informed debate.
For full statement, see attached PDF or access the following link.