During today’s sitting of Parliament, Prime Minister Philip J Pierre will do the following borrowing:
1)$10 Million US
2)$80 Million EC for the National Lotteries Authority: He did this a few weeks ago, why is he coming back with this same loan? Something is fishy!
3)$64.1 Million EC in Government bonds
4)$477.3 Million EC in bonds and treasury bills will be reissued!
This means that Philip J Pierre would have borrowed more in the first 5 months of 2024 than he did for the whole of 2023!
(In 2023 he borrowed $380 Million!)
Axe the Tax
Saint Lucians have found themselves grappling with the burdens of a new 2.5% tax imposed by the Philip J Pierre administration, further exacerbating economic challenges and deepening the suffering of the populace. The introduction of the 2.5% tax comes at a time when the global economy is still reeling from the impacts of the COVID-19 pandemic. Many citizens have lost…
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by Content Manager