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The Government of St. Lucia has reacted to pronouncements made by the Leader of the Main Opposition suggesting that St. Lucia’s public debt to GDP ratio had increased by 17 percent since the St Lucia Labour Party administration took office two and a half years ago.

A communiqué released by government’s press secretary Jadia Jn Pierre Emmanuel notes that Allen Chastanet’s statement is patently false, adding that a 17% increase in debt would have meant that the Government would have borrowed EC$400 million. A 17% increase would mean that the Public Debt would move from, $2.3 billion in 2011 to $3.0 billion at December 31, 2013.

Given market conditions it would have been impossible to borrow so much money.

According to Mrs Emmanuel, Chastanet reduced the initial increase figure from 17 to 14 percent, proceeded to claim that since this Government came into office 4000 jobs have been lost.

She says the Government of Saint Lucia does not deny that jobs have been lost but it is a patent lie to suggest that the number of jobs lost is in any way close to the figure quoted by Chastanet.

Mrs Emmanuel further notes that It is understandable that Chastanet would not recognize or praise the Government for creating over 3000 jobs under the NICE Programme.
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