St. Lu­cia’s Bud­get vs Trinidad’s

The Star (St. Lucia) - - LOCAL -

The Min­is­ter of Fi­nance for Trinidad and Tobago, Mr. Colm Im­bert, de­liv­ered the govern­ment’s 2018 bud­get ad­dress ear­lier this month, out­lin­ing a stern aus­ter­ity pack­age that will re­quire Trin­bag­o­ni­ans to make “a se­ri­ous ad­just­ment”. Price hikes and tax in­creases will likely re­sult in a higher cost of liv­ing for those in the twin-is­land na­tion and Fi­nance Min­is­ter Im­bert ac­knowl­edged the "hard and dif­fi­cult choices" his govern­ment had made in try­ing to re­verse the down­ward slump.

Saint Lu­cia, which faces many of the same threats, has taken a dif­fer­ent ap­proach. As Trinidad & Tobago tight­ens its belt, Saint Lu­cia pre­pares to loosen its own. Look out for the Oc­to­ber 21 is­sue of The Busi­ness­week where you’ll find a play-by­play anal­y­sis of each coun­try’s fis­cal strat­egy and an ex­am­i­na­tion into just how dif­fer­ently both na­tions are ap­proach­ing the same problems.

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