News Updates

Ex-PM Slams Trust Subvention Removal

Meanwhile, the hollowing out of the trust subvention was one of the topics of discussion during the debate in the House of Assembly on the estimates of revenue and expenditure on Thursday. Former prime minister and Vieux Fort South MP Dr. Kenny Anthony denounced the move which he calls vindictive. …

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Chastanet Defends Trust Subvention Move

Prime Minister and Minister for Finance Allen Chastanet is doubling down on his comments about the need for the St. Lucia national trust to be Self-sufficient. Speaking to reporters outside Thursday’s house sitting, Chastanet defended his decision to remove the trust’s annual subvention, stating that the trust is making money. …

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PM Presents 2017/2018 Estimates

In case you missed it, Prime Minister and Minister for Finance Allen Chastanet on Wednesday April 26th, introduced the 2017/2018 estimates in the house of assembly. In introducing the over 1.5 billion-dollar estimates, the prime minister reflected on the 2016 fiscal year and forecast modest improvement in revenue growth in …

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PM Breaks-Down 2017/2018 Estimates

The 2017 estimates of expenditure were tabled in parliament on Wednesday April 26th. Government is projecting to spend just over $1.5 billion for the 2017/2018 fiscal year. The budget will indicate how the finances of the country will be used and how much money government plans to spend on services …

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Saint Lucia Concerned About Tensions In Venezuela

The minister with responsibility for external affairs says the UWP administration is concerned about escalating violence and political tension in Venezuela. Anti-government protests continue in the South American nation, where unemployment and inflation are at an all-time high. Sarah Flood-Beaubrun says the UWP administration is concerned about the loss of …

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