Budget will show surplus: PM Douglas

PM and Minister of Finance, Dr. Denzil L. Douglas.
Photo by Erasmus Williams

BASSETERRE, St. Kitts, April 2, 2013 (CUOPM) – Next Tuesday’s Budget for the financial year 2013, is expected to show a surplus in the country’s overall balance, a surplus in the country’s current account and a surplus in the country’s primary balance.

In what has been seen as a precursor to the Budget Session, St. Kitts and Nevis’ Prime Minister and Minister of Finance, Dr. Denzil L. Douglas said his Budget Presentation in the National Assembly “will show, in other words, a government well-positioned to continue being a major player in our country’s economic growth. And own house being in order, of course, cannot help but produce expanded investor confidence – both locally as well as domestically – as has been demonstrated by the range of local and foreign investments that are now very much underway.”

Speaking during his weekly radio program “Ask the Prime Minister,” Prime Minister Douglas noted that the consultation on the Budget was completed in late 2012 and next week’s Budget Address will reflect “the seriousness with which this government has taken its fiscal and managerial responsibilities, the extraordinary expertise and first-rate planning that the government has clearly put into this effort and the results, the extraordinary results and the real and quantifiable benefits that this government is now in a position to deliver to the people, as a result.”

More from Around NYC