Pierre Upbeat In Budget Policy Address

On April 23, 2024, Prime Minister Hon. Philip J. Pierre presented his third Budget Policy address in Parliament. His 2024/25 Budget is rich with policies that will shore up the country’s fiscal position, encourage investment and economic development and positively impact the lives of everyday Saint Lucian citizens. Mr. Speaker, in this year of infrastructure, I am satisfied that we have undertaken sufficient policy initiatives and interventions to realise the objectives of greater efficiency, effectiveness and responsiveness in our physical, social and digital infrastructure. Alongside the realisation of these infrastructural objectives, we can look forward to growth in major sectors of the economy, new job opportunities, with youth employment on the rise, increased social protection for the vulnerable, and growing confidence in the good governance of our country among potential investors and the international community. By the end of this fiscal year, Saint Lucia is expected to be in a much better place. The Prime Minister’s third Budget, dubbed the Year of Infrastructure, signifies the progress made by the Pierre Administration to reverse economic declines and position Saint Lucia on a stable course towards sustainable socio-economic development. Mr. Speaker, over the past three years the Saint Lucia economy has been...