Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698076359657.pdf (Saint Lucia)
Investing in Our Development Capital Expenditure NEW NATIONAL HOSPITAL$16.84 M REVENUE BUDGET SUMMARY 2014-2015 (EC$) 2014-15 BUDGET ES TIMATES Total Revenue and Grants........................................................ 960,137,390 EXPENDITURE Total Expenditure(Excluding Principal Repayments)............ 1,173,635,453 Principal Repayments.................................................................... 71,872,147 TOURISM MARKETING$40 M BALANCES Recurrent Expenditure Current Surplus………................................................................. Recurrent Deficit Primary Deficit…………...............................................................
Overall Deficit…………............................................................ 925,761,100 14,598,047 -57,274,100 -74,704,828 -213,498,063 Gross Domestic Product (in billions)............................................ 3.70 RECONSTRUCTION $17.12 M Overall Balance as a % of GDP....................................................

TARGETS Primary Balance as a % of GDP.................................................... -5.8% -2.0% Recurrent Revenue - Where it comes from?
Compostion of Recurrent Revenue Taxes on Domestic Sales 23% Income on Income and Profits 25% Taxes on Property 1% Non- Tax Revenue 8% Taxes on International Trade 43% Recurrent Expenditure- Where it goes?
M 2 2 $ E R U T L U C I R G A ST. JUDE’SHOSPITAL$49.9 INFRASTRUCTURE$40.9 M ST. LUCIA ST. LUCIA ST. LUCIA ST. LUCIA ST. LUCIA ST. LUCIA ST. LUCIA ST. LUCIA 2015 BUDGET 2015 BUDGET 20142014201420142014201420142014--------2015 BUDGET 2015 BUDGET 2015 BUDGET 2015 BUDGET 2015 BUDGET 2015 BUDGET A Production of: Office of the Budget, Ministry of Finance, Economic Affairs, Planning & Social Security Laborie Street, Castries, St. Lucia Tel.
1758 468-3909 S FOR “BUILDING THE PILLARS FOR “BUILDING THE PILLAR ECECONOMIC CCESS, ONOMIC SUSUCCESS, RESILIENCE AND FISCAL RESILIENCE AND FI ABILITY” SCAL STSTABILITY” BOOSTING ECONOMIC GROWTH INFRASTRUCTURAL DEVELOPMENT STRUCTURAL REFORMS Better Roads • Expansion of Castries Gros-Islet Highway • Rehabilitation of Southwestern Road Improved Health Facilities • Completion of New National Hospital • Rehabilitation of St.Jude’s Hospital Enhancing Port Facilities • Redevelopment of Hewanorra International Airport • Enhancement of Cas- tries Habour Improved Water Sector • John Comptom Dam Rehabilitation • Expansion of Dennery and Vieux– Fort water supply • New water intake in Desruisseaux Improving the Business Climate • Online business registra- tion • Computerization of land registry information • Improving access to con- sumer credit information Increase Productivity and Competiveness • Measuring productivity in productive sectors • Improving Tourism com- petiveness through train- ing, product development, and improve quality ser- vice and standards • Increasing broadband and ICT training and coverage • Laptops for 3rd and 4th Form Students Promoting Exports • National Export Development Strategy • Support for Service Sector • Support for Creative Industries • Revitalization of Cocoa Industry SOCIAL STABILITY Job Creation • NICE, STEP • Cruise Sector Employment • Tourism Skills Development Social Protection • Koudmen Sent Lisi • Hope • Basic Need trust Funds • Social Safety Net Reform • Disability Grant Housing Development • PROUD • Mocha Housing Development • Bois D’Orange Housing Project Education and Skills Training • National Skills Development Centre (NSDC) •Youth Empowerment Program •SMILES • SLHTA Entrepreneurship Centre Crime Prevention and Safety • Construction of New Police and Fire Stations FISCAL SUSTAINABILITY Tax Relief Measures • Zero-rate of VAT on Medicines • Increase Income Tax Exemp- tion for Individuals • Reduction in Corporate Tax for businesses Increasing Revenue • Adjustment in LUCELEC fuel charge • Adjustment to VAT Exempt List • Adjustment in Excise Tax on Gasoline and Diesel Reducing Expenditure • Removal of Subsidy on Brown Sugar “A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.” Rod Blagojevich