St Lucia: PM Pierre shares highlights of budget proposal for 2022-23

While stating the budget, PM Pierre said that through this budget, the government wants to tackle the challenges with boldness and confidence.

St Lucia: PM Pierre shares highlights of budget proposal for 2022-23
St Lucia: PM Pierre shares highlights of budget proposal for 2022-23

St Lucia: Prime Minister Philip J Pierre shares an update on the budget, which was presented by him last week. He has informed that it was his first estimate for Revenue and Expenditure as the Prime Minister of St Lucia. 

While stating the budget, PM Pierre said that through this budget, the government wants to tackle the challenges with boldness and confidence. 

“We will pursue the initiatives and programmes funded in this budget to bring transformative change that will impact the lives and livelihoods of our citizens, and we will put the people first”, underlined PM Pierre.

Prime Minister Philip J Pierre also shared some glimpses of the budget proposal for this year.

  Objectives of Budget Proposals 2022-2023: 

  • Support the government’s agenda of economic transformation
  • Job creation, particularly among the youth
  • Accelerated economic recovery and growth
  • Reduction of poverty and increased wealth creation

Highlights of expenditure 2022-2023: 

  • Educational Assistance Programme $1.824 million
  • Continue the payment of facility fees in the sum of $2.358 million
  • Mathematics and English for CXC fees payment $270,554. 
  • St Lucia National Trust subvention $700,000. 
  • Financing of H.O.P.E. with $2.764 million. 
  • Public Assistance Programme in the sum of $20.64 million. 
  • Contributed $223,000 to the “Our Boys Matter” Programme. 
  • Allocated $1.316 million for housing assistance to the poor and differently-abled. 
  • Implementation of the Youth Economy $10 million. 
  • Ascension to the Caribbean court of justice $300,000. 
  • The outstanding amount owed to O.J.O. Labs is $954,800. 
  • Disaster Fund $1 million. 
  • Reinstatement of Disaster Fund $1 million. 
  • Procure services of additional legislative drafters $500,000. 
  • Payment of settlements in court cases. 
  • Appointment of Special Prosecutor and support staff $1 million. 
  • Swift Justice Project, to assist with a backlog of cases of $2.28 million. 
  • Repairs to the Bordelais Correctional Facility $1,824,500. 
  • Repairs to police stations $4,776 million. 
  • Increased allocation to the St Lucy’s Home to $140,000.