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April 19th is Budget Day

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Tuesday, April 05, 2005 - Tuesday April 19th is Budget day. This is when St. Lucians will find out what are Government’s revenue and expenditure projections for the next financial year, and how the economy fared in the past year.

On that day Prime Minister and Minister for Finance Honourable Dr. Kenny Anthony will deliver the Annual Estimates of Revenue and Expenditure for the financial year 2005 to 2006.

Preparations for the budget are entering their final stages and follows a remarkable year for the St. Lucian economy which grew by some 3.5 %

Prime Minister Anthony and top officials of the Ministry of Finance have for several weeks been meeting with Cabinet Ministers, as well as with finance and accounting officials from various ministries, to discuss budgetary projections and allocations.

The discussions are taking place against the back drop of continuous record increases in world market prices for oil over the past year.  This continues to be a matter of great concern to government, which has often warned about the consequences and implications for small island states like Saint. Lucia.

The Budget presentation on April 19th will be preceded by the presentation of the traditional Throne Speech by Her Excellency Dame Pearlette Louisy, Governor General of Saint. Lucia.

There will be the traditional one-day break between the 2005/2006 budget presentation and the ensuing budget debate, to allow parliamentarians to prepare for their presenations in Parliament.

The presentation of the 2005/2006 Budget and the budget debate will both be broadcast live on the National Television network NTN.

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