CASTRIES, St. Lucia, Mar 25, CMC -Prime Minister Phillip J. Pierre has presented an EC$2.189 billion (One EC dollar=US$0.37 cents) budget to Parliament on Monday night confident that sound policies, strong fiscal management, and decisive action, will allow for his his government to “ competently navigate” the current global environment.
Pierre, presenting the Estimates of Revenue and Expenditure ahead of his policy statement in April, told legislators that notwithstanding the uncertainty of the geopolitical environment, he remains “optimistic that this year will be one of growth.
“This year’s budget estimates are based on projections for continued economic growth, supported by improvements in performance in the tourism sector, increased public and private sector construction activity… and the expansion in domestic economic activity through growth in the orange and youth economy.”
Pierre said that the 2026-2027 budget proposals, government will endeavour to strengthen the country’s reliance in preparation for the negative effects of climate change and economic shocks.
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CMC/2026