St. Lucia’s Prime Minister Philip J Pierre has unveiled his administration’s budget for the upcoming financial year 2024–25, totaling over $1.86 billion.

In his address, St. Lucia’s Prime Minister declared that the nation’s economy is on a positive trajectory, highlighting that the government’s primary account boasted a surplus of $104 million for the fiscal year 2023–24.

Based on the data, Prime Minister Pierre asserts that Saint Lucia’s performance has surpassed that of the previous two years, indicating a return to pre-COVID financial levels. 

The breakdown of revenue includes domestic revenues at $1.38 billion, loans at $140 million, grants at $73.0 million, and bonds and Treasury bills at $82.6 million.

Regarding expenditure, the government has prudently managed its finances, remaining well within the budget ceiling of $1.856 billion for the fiscal year 2023-2024.

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