The Government of Saint Lucia, via the Department of Finance proudly presents the first Citizen’s Guide to the Budget for the financial year 2022/2023. The objective of the Citizen's Guide to the Budget is to present the wider public with a simplified, easy-to-read version of the budget without the technical terms. The guide intends to help raise awareness of the general public of the budget information which was tabled in Parliament. It is expected that this guide will help more citizens understand the information and plans that have been presented and are expected to take place over the next financial year.
The purpose of the Bill is to consolidate and modernize the laws relating to debt management by providing for the administration of public debt management; a Medium-Term Debt Management Strategy; Public Debt Sustainability Analysis; Government borrowings, guarantees, on-lending; and to reduce multiple issuers of debt and ensure sound financial policies in relation to the management of public debt.
The Ministry of Tourism, Information and Broadcasting, Culture and Creative Industries is currently
implementing the OECS Regional Tourism and Competitiveness Project (ORTCP), a six-year tourism
development project, which commenced in August 2017. The Project is funded by the World Bank as
a regional initiative that is concurrently being implemented in Grenada and St Vincent and the
Grenadines by their respective national governments.
The original objectives of the Project were to: (i) facilitate the movement of tourists within the
participating countries using ferries; (ii) improve selected touristic sites; and (iii) strengthen
implementation capacity for regional tourism market development in the participating countries.
Those three Project Development Objectives constitute the three main Project Components.
However, the ORTCP has been restructured to achieve the ultimate aim, to improve selected tourism
sites and strengthen capacity to contribute to the recovery from Covid-19. For this reason, the Ministry
of Tourism in close collaboration with the Office of the Prime Minister has strategically identified some
key sites for enhancement, with a view to enhancing the competitiveness and sustainability of Saint
Lucia’s tourism sector. The development of community-based tourism in the village of Canaries is
among several initiatives planned which closely align with the underlying premise of the 2020 Saint
Lucia Tourism Strategy (developed under the ORTCP) which focuses on balancing visitor value and
diversifying the product towards a more appealing stayover prospect. Moreover, it is envisaged that
this initiative will contribute significantly to boosting the resilience of the tourism sector, as the Ministry
prepares for the resurgence ofthis vital sector. And it is against this backdrop, that the Canaries Market
was identified as a potential project.