Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698076747560.pdf (Saint Lucia)
Ministry of Finance, Economic Growth, Job Creation, External Affairs and the Public Service The Citizen's Guide to the 2021-2022 BUDGET WHAT'S INSIDE 1.

The Budget Cycle 2.

How Big is the National Budget?

3.

Where Does the Money Come From?

4.

Where Does the Money Go?

5.

The Financing GAP Explained 6.

The Appropriation Bill 7.

Saint Lucia's Public Debt 8.


Allocation of Expenditure PG 4 PG 6 PG 7 PG 9 PG 11 PG 13 PG 21 PG 22 The Citizen's Guide to the 2021-2022 Budget PAGE 01 MESSAGE FROM THE PRIME MINISTER AND THE MINISTER FOR FINANCE A g a i n s t t h i s b a c k d r o p , .
, , w i t h l i m i t e d f i s c a l r e s o u r c e s , .
- c e n t r i c d e v e l o p m e n t , .
T h e r e f o r e , ; g o v e r n m e n t r e v e n u e , .
I n t h i s r e g a r d , t h e G o v e r n m e n t o f S a i n t L u c i a , ’ / 2 0 2 2 .

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/ 2 0 2 2 b u d g e t , a n d f o r t h i s , t h e G o v e r n m e n t i s t r u l y g r a t e f u l .
I w i s h t o t h a n k a l l t h e M i n i s t r i e s , .
Prime Minister Honourable Allen M. Chastanet Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service / .
- 1 9 P a n d e m i c a n d i t s a f t e r m a t h .

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I n r e s p o n s e t o t h e p a n d e m i c , t h e G o v e r n m e n t a d o p t e d a t h r e e - p r o n g e d a p p r o a c h : ( i ) t h e H e a l t h C a r e R e s p o n s e P l a n ; ( i i ) ( i i i ) t h e E c o n o m i c R e c o v e r y & R e s i l i e n c e P l a n ( E R R P ) ; w h i c h w a s t h e m o s t e x p a n s i v e .
T h e u l t i m a t e a i m o f t h i s s h o r t - t e r m s t r a t e g y , e n c a p s u l a t e d i n t h e s e 3 p l a n s , f o c u s e d o n s a v i n g l i v e s , .
The Citizen's Guide to the 2021-2022 Budget PAGE 02 MESSAGE FROM THE PERMANENT SECRETARY OF THE DEPARTMENT OF FINANCE , a n d t o r e - , ( I M F ) .
/ 2 1 , a s a r e s u l t o f t h e C O V I D - 1 9 P a n d e m i c , / 2 2 B u d g e t .
A s p a r t o f t h e g o v e r n m e n t ’ , , .
’ s G u i d e , w h i c h p r o v i d e s a v e r y c l e a r , .
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T h e C i t i z e n ’ , ; ; t h e p o l i c i e s , p r o g r a m m e , ; ; , .
, c a p t i v a t i n g a n d i n f o r m a t i v e .

Ms. Esther Rigobert Permanent Secretary Department of Finance , ’ s G u i d e t o t h e 2 0 2 1 / 2 0 2 2 B u d g e t .
.

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C O V I D - , r e g i o n a l l y a n d i n t e r n a t i o n a l l y .
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T h i s y e a r ’ - b e i n g o f t h e c i t i z e n r y , , THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 03 INTRODUCTION The objective of The Citizen's Guide to the Approval of the Estimates is followed by the Budget is to present the wider public with a Appropriation Bill, which outlines the policy simplified, easy-to-read version of the budget initiatives and intentions of the government and without the technical terms.
The intention of the supports the estimates.

Approval of the bill guide is to help raise awareness of the general authorizes the expenditure of government funds public of the budget information that was tabled in from the Consolidated Fund.

The bill outlines the Parliament.

It is expected that this guide will help sum that is allocated to each government more citizens understand the information and department's account and the specific purpose.
plans that have been presented and expected to take place over the next financial year (April 2021 - The approval of the Appropriation Bill is necessary March 2022).

for the government to spend money.


The 2021-2022 Estimates of Revenue and The Citizen's Guide to the 2021-2022 Budget, Expenditure provides details of the annual along with other budget documents will be made spending plans, projected revenue available on the Department of Finance website, collection and programme performance which you can access here, as well as the information of all governmental units or Government of Saint Lucia's social media accounts: departments.
It fulfills the government's obligation Facebook, Instagram or Twitter.

pursuant to the Public Finance Management (PFM) Act No.

14 of 2020, to submit annual estimates of revenue and expenditure for approval by Parliament.

THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 04 THE BUDGET CYCLE 1.BUDGET PLANNING AND PREPERATION 1.
The Ministry of Finance (MOF) prepares the Macroeconomic Outlook for the upcoming fiscal year where macroeconomic indicators are reviewed and projections for recurrent revenue, recurrent expenditure and capital expenditure are formulated.

2.

A request/call for new initiatives for recurrent revenue, recurrent expenditure as well as capital expenditure are sent to ministries.

3.
3.

The fiscal targets including economic indicators are established to determine revenue and expenditure projections, which aid in establishing overall spending limits for the new fiscal year.

4.

The MOF issues the Estimates Call.

In this circular, the preliminary allocations are outlined as well as other requirements of the MOF.

5.

The Minister for Finance invites the private sector to submit inputs for the budget.

6.

The agencies submit their new initiatives.


The MOF reviews the submission and prepares recommendations in consultation with agencies.

7.

Technical Budget Committee meetings are held with staff of the MOF and Department of Economic Development to discuss recommendations, indicators and fiscal targets from the Budget Office, Debt Unit, Research Department and Department of Economic Development.
This committee then formulates recommendations and submits to the Budget Policy committee for approval through several iterations.

2.FINALIZATION 1.

After extensive reviews and dialogue the MOF present the draft estimates to the Minister for Finance.

2.

The Minister and Finance Officials meet with Cabinet to finalize the estimates.

3.
3.

A second call circular is sent to the agencies communicating cabinet final approval of the Budget and changes required to be reflected in the estimates book, and any other relevant instructions.

4.

Following the Cabinet meeting, MOF prepares the printed estimates and develops the budget papers.

5.

The Ministry for Finance prepares and submits a draft appropriation bill to the Attorney General 6.

The Attorney General reviews the Appropriation Bill and prepares the Resolution.

7.
7.

Minister for Finance tables the Resolution in the House of Parliament.

8.

Members of the Lower House then debate the Estimates.

9.

The Appropriation Bill is then tabled and debated.

10.

When passed the Appropriation Act is then assented to by the Governor General and Gazetted.

3.BUDGET IMPLEMENTATION AND MONITORING 1.


The MOF sends out a call to agencies to submit their expenditure request (recurrent expenditure, capital), revenue (actual and projections) and procurement plans on a quarterly basis.

2.

The MOF releases the allocation to agencies on a quarterly basis.

The release of allocation is based in part on the current revenue performance and projections for the year.
Capital expenditure allocation is determined based on the availability of the loan, grant, bond or other fund raising and the status of the projects.

3.

Agencies are required to submit monthly revenue reports and quarterly performance reports to the MOF.

4.

The MOF is also required to produce and submit quarterly performance reports to the Minister for Finance.

THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 05 PREPARING THE 2021-2022 BUDGET WHO ARE THE AGENCIES PUTTING THE BUDGET TOGETHER?
The Ministry of Finance is the primary agency spearheading the budget, but collaborates with other public sector agencies, private sector agencies and statutory bodies during the budget process Department of Finance Department of Housing, Urban Renewal and Department of Education, Innovation and Gender Relations Telecommunication Department of Health and Wellness Department of Physical Planning Department of Infrastructure, Ports and Energy Office of the Prime Minister Department of Home Affairs and National Security Ministry of Youth Development & Sports Department of Equity, Social Justice, Local Government and Ministry of Commerce, International Trade, Investment, Empowerment Enterprise Development and Consumer Affairs Department of Economic Development, Transport and Civil Aviation Attorney General's Chambers Department of Agriculture, Fisheries, Natural Resources Electoral Department Department of Public Service Legislature Ministry of Tourism, Broadcasting & Information, Culture Department of Labour Department of External Affairs Department of Justice Department of Sustainable Development Statutory Bodies Audit Department Governor General Service Commissions Private Sector Agencies 1.BUDGET PLANNING & PREPERATION 2.FINALIZATION 3.BUDGET IMPLEMENTATION AND MONITORING THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 06 HOW BIG 2021/2022 budget IS THE NATIONAL BUDGET?
mil THE BUDGET HAS TWO MAIN COMPONENTS REVENUE T his is all the money the Government earns from domestic and external sources.

$1.119 billion Total Revenue & Grants Revenue is collected through taxes imposed by the Government or through grant contributions by regional and international organisations.

To finance the 23% 2021/22 Budget, total revenue and grants above 2020/2021 total is projected at $1.119 billion.
$1.639 billion Total Expenditure -3.5% below 2020/2021 total EXPENDITURE T his is all the money the Government of Saint Lucia has to spend on goods and services to achieve its objective.

This include all government consumption, investment and transfer payments.

Government expenditure is normally financed through government borrowing or taxes.

The estimated expenditure for the 2021/22 budget is $1.639 billion (inclusive of principal repayments).
Source: Government of Saint Lucia, Estimates of Revenue and Expenditure 2021/2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 07 2021/2022 budget WHERE DOES THE MONEY COME FROM TO FUND THE BUDGET?
$1.119 billion Total Revenue & Grants 23% above 2020/2021 total I n addi ti on to the $121.26 million i n grant fundi ng the Government i s expecti ng to recei ve based on commi tments and agreements si gned wi th devel opment partners, Government wi l l al so uti l i ze funds from tax and non-tax sources to fund i ts pl anned acti vi ti es.
The taxes that are proj ected to be col l ected are from: $92.71 mil Non-Tax Revenue (9.3%) $7.6 mil Property Tax (0.8%) $218.52 mil Income & Profits (21.8%) $464.28 mil Domestic Goods & Services (46.3%) $218.59 mil International Trade (customs duties) (21.8%) Source: Government of Saint Lucia, Estimates of Revenue and Expenditure 2021/2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 08 Details of Revenue Line Items The Big Picture!
The l argest revenue l i ne i tem i s Value Added Tax (VAT), whi ch accounts for 25.8% of the Government' s total revenue.
REVENUE LINE ITEM 1.Tax on Income and Profits Corporate Income Tax (CIT) Income Tax (Individual) Income Tax (Arrears) Income from Property EC $mil 218.52 61.56 106.33 35.39 7.6 2.Tax on International Trade (Customs Duties) 218.59 Import Duty Excise Tax Thru-Put Charges Passenger Facility Fee 3.Tax on Domestic Goods and Services VAT (IRD) VAT (Customs & Excise) Others 4.Non-Tax Revenue Sale of Goods & Services Voluntary Transfers In-Transit Fees TOTAL RECURRENT REVENUE less refunds CURRENT REVENUE Grants Capital Revenue TOTAL REVENUE AND GRANTS Source: Government of Saint Lucia, Estimates of Revenue and Expenditure 2021/2022 105.83 106.70 4.06 2.00 464.28 144.89 143.74 175.65 92.69 48.06 36.63 4.83 1,001.71 9.51 992.19 121.26 6.05 1,119.50 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 09 2021/2022 budget WHERE DOES THE MONEY GO?
$1.639 billion Total Expenditure -3.5% below 2020/2021 total Wages and Salaries remai ns the l argest expendi ture l i ne i tem for the Government.

The total amount of $574.41 million i s al l ocated to cover sal ary payments to empl oyees, reti rement benefi ts (pensi oners), NI C contri buti ons and i n-year promoti ons.
The mai n areas of government expendi ture are: $149.76 mil Transfers (9.1%) $9.51 mil Refunds (0.6%) $278.6 mil Capital Expenditure (17%) $574.41 mil Wages & Salaries (35.1%) $300.92 mil Debt Service (18.4%) $325.40 mil Goods & Services (19.9%) Source: Government of Saint Lucia, Estimates of Revenue and Expenditure 2021/2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 10 Details of Expenditure Line Items The Big Picture!
Wages and Salaries i s the l argest expendi ture l i ne i tem for the Government of Sai nt Luci a wi th a total amount of $574.

41 mi l l i on.

EXPENDITURE LINE ITEM 1.Wages and Salaries 2.Goods & Services 3.Transfers CURRENT PRIMARY EXPENDITURES 4.Interest Charges on Debt CURRENT EXPENDITURE 5.Principal Repayments (PR) 6.
Refunds TOTAL RECURRENT EXPENDITURE Capital Expenditure TOTAL EXPENDITURE Source: Government of Saint Lucia, Estimates of Revenue and Expenditure 2021/2022 EC $mil 574.41 325.40 149.76 1,049.56 175.12 1,224.68 125.80 9.51 1,359.99 278.60 1,638.60 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 11 2021/2022 budget THE FINANCING GAP EXPLAINED $1.119 billion Total Revenue (tax, non-tax & grants) $1.629 billion Total Expenditure less refunds -$510 million FINANCING GAP The total esti mated cost of the Government' s pl ans and obj ecti ves for the fi nanci al year 2021-2021 amounts to $1.629 billion (less refunds), however the Government' s proj ected revenue i s $1.119 billion.
Therefore, the Government requi res an addi ti onal $510 million to cover i ts expenses.

As such, the Government needs to source new fundi ng, apart from taxes, non-tax revenue and grants, to make up the $510 mi l l i on (Fi nanci ng Gap) i t needs to meet i ts expenses.
52.7% OF THE FINANCING GAP IS EXPECTED TO BE FROM EXTERNAL SOURCES EXTERNAL AGENCY EC $Million Caribbean Development Bank World Bank (IDA) World Bank (Development Policy Credit) CARICOM Development Fund (CDF) Republic of China on Taiwan EXIM Bank $56.62 $42.19 $79.65 $5.02 $91.24 TOTAL $274.72 Domestic financing requirement amounts to $240.86 million, which is expected to be sourced through Treasury Bills, Treasury Notes and Bonds.
THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 13 2021/2022 Budget THE APPROPRIATION BILL Adapting, Overcoming and Persevering: We are a Resilient Nation , .
S o o n a f t e r , .

W h e n p a s s e d , , .
' - 2 0 2 2 f i n a n c i a l y e a r .
THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 14 policy initiatives 2021/2022 financial year Lowering carbon emissions to assist with climate change adaptation and mitigation effort and boost our energy independence and overall resilience to shocks from volatile energy prices and adverse weather events.
Renewable Energy LED Street Lightning Street lights will be replaced with LED lights for even more savings Solar Energy for Schools Installation of at least 100 kW of Solar PV systems at 10 schools across the island 40 schools will be audited for lighting retrofits of over 6,700 florescent lights to LED lights as part of the Energy Efficiency promotion efforts Solar Farm LUCELEC to develop a 10 MW AC solar farm with a 7MWh battery storage in Troumassee, Micoud Legislation Consultation to introduce the “Energy Efficiency Legislation” to provide guidelines and support changes in attitudes and behaviours in relation to energy utilization The Blue Economy The Medium Term Development Strategy (MTDS) deems the Blue Economy, which includes our coastal zone and marine resources, to be integral to our development.
The Government will work with the stakeholder Ministries including Sustainable Development, Agriculture and Fisheries and Commerce as well as with the OECS Commission and other regional bodies such as UN ECLAC to develop a national strategy and action plan to provide a more structured framework for implementation of the Blue Economy.
HUMAN CAPITAL RESILIENCE PROJECT Strengthening the Social Protection Architecture Strengthen the social policy framework: Update the National Social Protection Policy and associated legislation Develop standard operating procedures Develop a Graduating Strategy for beneficiaries Establish a Monitoring and Evaluation framework Enhance programme implementation through: Modernization of the payment system Establishment of a robust social information system/registry Training capacity building for support staff Strengthening coordination among institutions and agencies THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 15 policy initiatives 2021/2022 financial year Most of the infrastructure initiatives are funded using concessional sources (grants or concessional loans) National Road Infrastructure: The Millennium Highway West Coast Road Rehabilitation Upgrade Project; should commence shortly Reconstruction of the Cul-de-Sac Bridge; ongoing The Road Improvement and Maintenance Programme (RIMP); ongoing National Road Rehabilitation Programme (NRRP) Gros Islet and Castries North Roads Project; nearing completion $120.5 million Allocated to the Department of Infrastructure for the Road Infrastructure Programme Under the Disaster Vulnerability Reduction Project (DVRP) EC$25.9 million has been allocated for the rehabilitation of the (1) Vanard to Venus Road, (2) Piaye Bridge and (3) the Vanard to Anse la Raye road Local Road & Community Infrastructure Sustainable Water Infrastructure $10.7 million $24.2 million Investment at the Community Level Funded by the Caribbean Development Bank Allocated to the Constituency Development Programme Allocated to the Vieux Fort Water Supply Redevelopment Project $10.0 million will be grants received from the Republic of China Taiwan (ROCT) The government will also finalize Phase II of the Dennery Water Supply Redevelopment Project Airport Infrastructure The Hewanorra International Airport (HIA) project is expected to increase the carrying capacity by 250 percent as outlined in the Medium Term Development Strategy (MTDS) for economic development in Saint Lucia.
Site preparation, including the driving of more than 3000 piles, is currently ongoing The project will include the construction of a new terminal and other airport rehabilitation work The World Bank has provided concessionary financing to address flooding mitigation, resurfacing of the runway and for installation of navigational equipment THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 16 policy initiatives 2021/2022 financial year TOURISM DEVELOPMENTS The stage is set for people in local communities to own and operate tourism related businesses.
The legislation that gives effect to the Village Tourism Agency will be passed shortly Village Tourism Construction of a 10 room Bed and Breakfast in Anse la Raye Village Anse La Raye Construction of restaurants on the waterfronts in Soufriere and Anse la Raye Upgrades for houses near the waterfront in Anse la Raye Construction of vending facilities in Palmiste, Soufriere Gros Islet Waterfront development and upgrade to the recreational park in Gros Islet Enhancement of the jetty in both Gros Islet and Anse la Raye Soufriere The OECS Regional Tourism Competitiveness Project Phase 2 of the Castries Market redevelopment Phase 2 of the redevelopment of the Derek Walcott Square Upgrade of the Canaries Waterfront Upgrades to the Choiseul Arts and Craft Centre Upgrade of the Old Trafford complex in Soufriere celebration of our indigenous festivals hybrid of virtual and face to face elements PUT MONEY DIRECTLY IN THE HANDS OF THOSE WITHIN THE CREATIVE INDUSTRY THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 17 policy initiatives 2021/2022 financial year HEALTH Making health care universally accessible, affordable, equitable, sustainable and of the highest international standards for Saint Lucians.
OKEU Hospital will be fully transitioned St Jude Hospital will be completed The residents of Anse la Raye and Micoud and their respective environs will finally be able to access better quality and an increased range of services with the opening of their wellness centres Work on the construction of the Dennery Polyclinic and Soufriere Hospital will gather pace NATIONAL HEALTH INSURANCE (NHI) With World Bank support, it is the Government's intention to operationalise the national health insurance programme before the end of 2021/2022 HOUSING /SETTLEMENT DEVELOPMENT Our housing policy and related interventions have consistently been rooted in four main principles: To increase the number of Saint Lucian land/home owners To provide our citizens with access to safe and affordable housing To rationalise existing unplanned settlements To establish residential land developments in various location SITES AND SERVICES PROGRAMME 2021/2022 Provision of approximately 133 lots in La Fargue, Piaye, Monier and Riche Bois (Ti Rocher, Micoud).
Commence two new housing developments in Belair and Odsan, that will hopefully impact on at least 200 households Housing developments in Choc, Talvern and Bois Jolie will also gather pace The review of the National Housing Policy and Strategic Action Plan that will be undertaken this year is most opportune.
THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 18 policy initiatives 2021/2022 financial year CITIZEN SECURITY The Government remains resolute in the fight against crime and within this financial year, even more resources will be allocated to the Royal Saint Lucia Police Force.
The Government will continue the roll out of CCTV cameras particularly across the city centre and within crime hot spots in order to improve the surveillance capabilities of the Royal Saint Lucia Police Force thereby, improving security.

POLICE HEADQUARTERS AND COURT FACILITIES During 2021/2022, work will commence on the construction of a complex that will house the Headquarters of the Royal St. Lucia Police Force (RSLPF) and a Remand Facility.
The facility will be constructed via a BOLT (Build Own Lease Transfer) arrangement.
During 2021/2022, the Government of Saint Lucia will: Undergo a full rehabilitation of the Vieux Fort Police Station facility Pursuing a home for the Eastern Caribbean Supreme Court headquarters The Gros Islet Police Station will get a new home Strengthening of the office of the Director of Public Prosecution (DPP) Assisting the Magistrates Courts to go digital Repairs to the Second District Court building Commencement of the Judicial Reform and Institutional Strengthening (JURIST) Project Assisting the High Court to go digital The Bench Trials Committee was established FORENSIC LABORATORY Saint Lucia’s Medium Term Development Strategy (MTDS) emphasized the need to improve our investigative capacity, enhance crime detection and improve the rate of prosecution.
In keeping with this thrust the Scenes of Crime Office of the Royal Saint Lucia Police Force will be moved to the Forensic Science Laboratory.

A new area of expertise called “Firearms Examination & Analysis,” will be introduced at the Forensic Laboratory.

This new technology will assist the Police Force in connecting gun violence to perpetrators.

This initiative will entail utilizing technology that would assist in linking crimes through bullet comparison.
The decision has been taken to procure two pieces of cutting-edge equipment, which will allow the staff of the Forensic Laboratory to be able to perform human identity analysis and sequencing the human genome.
THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 19 policy initiatives 2021/2022 financial year AGRICULTURE The objective is to broaden our capacity to feed our country and reduce our reliance on external sources as articulated by Saint Lucia's Agricultural Strategy in the Medium Term Development Strategy (MTDS) The medium term plans for the Agricultural Sector are to: 1.

Enhance Saint Lucia’s food and nutrition security 2.

Expand the Diversification of economic crops 3.


Increase export revenue from agriculture 4.

Improve self-sufficiency in selected locally grown crops Seven Crops Project The Expansion of Food Crop Production Programme or 7 Crop Project is geared towards moving Saint Lucia closer to achieving food security.

The project focuses primarily on producing cabbage, tomato, lettuce, sweet pepper, watermelons, cantaloupe and pineapple locally, in a bid to reduce the food import bill.
Some of the support to be provided under this project includes: Technical assistance to 200 farmers and 2 farmer cooperatives Enhancement of post-harvest processing techniques and establishment of fruit and vegetable packaging specifications and materials Training of Extension Officers Establishment of an agricultural intelligence information system based on farmers’ production of produce and official market demand Banana Productivity Improvement Programme $6.0 million ALLOCATED to the Banana Productivity Improvement Programme (BPIP) This project focuses on: Expansion of Acreage under cultivation Pest and disease control Increased productivity of banana farms Establishment of a Sustainable Finance Mechanism for inputs The amount programmed for the BPIP in the 2021/22 budget is $2.7 million Building Resilience for Adaptation to Climate Change and Climate Variability in Agriculture The project comprises of the following components: 1.
2.

3.

Building resilience and sustainability of farming systems through interventions for water security, soil conservation and management Establishing Green Agro-Parks, including the use of solar energy, for increased efficiency in resilience farming systems Knowledge management and transfer to improve adaptive capacities.
The Government has leveraged the resources of an Adaptation Fund which was established under the Kyoto Protocol of the United Nation Framework Convention on Climate Change in the amount of approximately US $9.8 million to build resilience A total of US$6.1 million in 2021/2022 has been budgeted for this new financial year.
The Ministry of Agriculture will receive a disbursement of EC$2.6 million from the CDB in 2021/2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 20 ADDITIONAL MEASURES TO ASSIST THE PEOPLE OF SAINT LUCIA SALARIES & DEBT PAYMENTS HAVE BEEN IDENTIFIED AS TOP PRIORITY “NO NEW TAXES” IN THIS 2021-2022 BUDGET Additionally, tax-related relief measures to targeted groups of households and businesses are being provided under the framework of the Economic Recovery and Resilience Plan (ERRP) (https://www.errp.info) FRONTLINE WORKERS The period for which frontline workers are able to import vehicles duty free has been extended to SEPTEMBER 2021 TAX FILING AND COLLECTION The deadline by which taxpayers are required to file their taxes has been extended until May 31st, 2021.
Efforts will also be directed at improving tax administration to boost revenue collection and assist with recoveries.

This will include wider use of credit and debit card payments at point of sale terminals, online or e-payment options installed at Customs and other revenue collection points of the government.

PROPERTY TAX The government intends to introduce a revised ‘property tax’ system that is simple, fair and equitable.
The reformed property tax regime will result in a broadening of the tax base and will encourage higher rates of compliance.
THE GOVERNMENT HAS POSTPONED THE INTRODUCTION OF THE NEW REGIME UNTIL JANUARY 1, 2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 21 SAINT LUCIA'S PUBLIC DEBT $3.773 billion Debt to GDP Ratio of 86.5% Official stock of public debt as of December 2020 Debt-to-GDP (%) 2019 2020 86.5 85.6 68.7 100% 75% 50% 59.7 25% 0% Saint Lucia ECCU ECCU- Eastern Caribbean Currency Union The prudential debt-to-GDP level of 60% or less by 2030 is highly recommended by the Eastern Caribbean Central Bank (ECCB) and other International Financial Institutions.
Clearing Payables The Government of Saint Lucia remains committed to reducing its outstanding payables to our local businesses.

In that regard, the government has been accommodating set offs of some outstanding amounts against current tax liabilities of some entities.

In 2021-22, the government intends to continue this practice, where possible.
Going forward, a more comprehensive strategy will be developed in the coming months to settle these outstanding amounts in a manageable manner, in consultation with the central government’s domestic creditors.

Saint Lucia's Debt Management Strategy Debt management is of high priority for the Government.

Therefore, the Government has developed a strategy to help ensure the sustainability of Saint Lucia’s public debt over the medium term.
terms of: (i) the costs of debt and (ii) the risks profile of the debt based on the interest rates as well as the refinancing and roll over risks associated with the national debt stock.

Given the outcome of the debt portfolio assessment, actionable steps were taken to reduce the cost of debt through lower average interest rates and to lengthen the maturity profile of debt instruments by attempting to reduce the share of short-term debt instruments and securities in our debt mix.
This was done through actively seeking to refinance loans where possible with a view to securing more favourable terms including more concessionary or lower interest rates, grace periods and longer maturity or repayment periods, as a means of lowering the average effective interest rates.

As a result, the share of concessionary financing in the debt portfolio has increased to 27% from 25%.
Debt Management Policy As part of the Government’s efforts to ensure proper management of the nation’s debt, a Debt Management Policy, the first of its kind for Saint Lucia, was established.

This has been critical to the adherence of best practices and has helped with the development of a unified public debt legislative framework for Saint Lucia.
This Debt Management Policy document has been used to guide the drafting of the inaugural Public Debt Management Bill which will be presented to Parliament in the coming months.

Key Debt Management Indicators Average Time to Maturity 2016 4.9 yrs.

2020 5.7 yrs.
2020 5.7 yrs.

Under the debt management framework, the Government Weighted Average Cost of examined the parameters of Saint Lucia's debt portfolio in Debt 5.31% 4.86% THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 22 ALLOCATION OF EXPENDITURE ACROSS MINISTRIES AND GOVERNMENT DEPARTMENTS AGENCY NO.
AGENCY RECURRENT CAPITAL TOTAL % 44 52 53 43 36 51 56 41 22 46 45 35 55 48 47 21 54 42 32 14 12 49 15 11 13 Department of Finance Department of Education Department of Health and Wellness Department of Infrastructure Department of Home Affairs Department of Equity Department of Economic Development Department of Agriculture Department of Public Service Ministry of Tourism Department of External Affairs Department of Justice Department of Sustainable Development Department of Housing Department of Physical Planning Office of the Prime Minister Ministry of Youth Development & Sports Ministry of Commerce Attorney General's Chambers Electoral Department Legislature Department of Labour Audit Department Governor General Service Commissions *Recurrent, Capital and Total figures are in $EC Million dollars.
Table is sorted in descending order per the Total column.

Source: Government of Saint Lucia: Estimates of Revenue and Expenditure 2021-2022 THE CITIZEN'S GUIDE TO THE 2021-2022 BUDGET PAGE 23 2021-2022 BUDGET HOW TO ACCESS SAINT LUCIA'S BUDGET DOCUMENTS The budget document s can be accessed vi a t he Depar t ment of Fi nance websi t e at ht t ps: //www.

f i nance.

gov.

l c/ Addi t i onal r esour ces i ncl ude: 1.

Esti mates of Revenue and Expendi ture 2021-2022 2.
Throne Speech by hi s Excel l ency Governor General Si r Emmanuel Nevi l l e Cenac 3.

Pri me Mi ni ster' s Budget Presentati on: Esti mates of Revenue & Expendi ture 4.

Pri me Mi ni ster' s Pol i cy Statement (The Appropri ati on Bi l l ): “Adapti ng, Overcomi ng and Perseveri ng: We are a Resi l i ent Nati on” 5.

The Medi um Term Devel opment Strategi c Pl an Feedback on The Ci t i zen' s Gui de t o t he 2021/2022 Budget may be sent t o i nf o@f i nance.

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l c Speci al thanks to al l the Mi ni stri es, Departments and Agenci es that worked hard toward the preparati on and compi l ati on of the Esti mates of Revenue and Expendi ture.

Speci al thanks to the management and staff of the Department of Fi nance, who spearheaded thi s process, and successful l y compl eted the exerci se.
Department of Finance Finance Administrative Center Pointe Seraphine, Castries Saint Lucia, West Indies Phone: (758) 468-1580 Finance Website: https://www.finance.gov.lc/ GoSL Website: www.govt.lc : @SaintLuciaGovernment : @SaintLuciaGov