The main objective of Saint Lucia's public debt management is to meet Government financing requirements at a minimum cost with a prudent degree of risk. In keeping with this objective, the Ministry of Finance, Economic Development, and Youth Economy are committed to pursuing a debt management strategy aimed at fulfilling this objective. The Debt and Investment Unit (DIU) of the Department of Finance is the primary agent responsible for managing its public debt portfolio.
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.