Hon. Allen Chastanet's 2018/2019 Budget Summary

1. SECUREOURFUTURE
Go ve rn m e n t o f S ai n t Lu c i a's
20 18 / 20 19 Po li c y Plan s
BUILDINGRESILIENCETODAYTO

2. www.govt.lc
ECONOMY MID 2016
WHEN UWP TOOK OFFICE
UNEMPLOYMENT HIGH
EQUALS A STAGNANT ECONOMY

3. www.govt.lc
THE ECONOMY TODAY
UNEMPLOYMENT
DECREASING
GROWTH
INCREASING
DEBT BEING
MANAGED
CONFIDENCE
INCREASING
= AN ECONOMY IN RECOVERY

4. www.govt.lc
I. Creating Sustainable Employment
II.Re-Engineering Social Services
III.Reforming Government
IV.Improving Security & Justice
V. Building Capacity in Renewable Energy
VI.Adapting to Climate Change
BUILDING ON OUR STRATEGIC PRIORITIES

5. Unemployment
Decreasing
www.govt.lc
24.4%
•Unemployment in 2014
21.3%
• Unemployment in 2016
20.2%
• Unemployment in 2017

6. Island Wide
Internet Access
www.govt.lc

7. RenewableEnergy
SolarEnergy
-Simplified application process
resulting in an increase of 149kW
of power from the sun
www.govt.lc

8. GeothermalEnergy
Pre Feasibility Study completed inDecember
2017
Draft Environmental &Social Impact
Assessment report submitted in January2018
Legislative and Regulatory framework
ongoing
Power Purchase Agreement negotiation
between developer and LUCELECongoing
www.govt.lc

9. ClimateChange
Implement Sustainable Development Goals
Continue to source climate resilience funding
www.govt.lc

10. ClimateAdaptation
FinancingFacility (CAFF)
www.govt.lc
TheCAFFwill provide readily accessible
loans to firms, community groups and
households for investments and/orlivelihood
activities that support climate adaptation or
disaster vulnerability reduction.
More info: www.sldb.lc

11. InternationalEconomy
www.govt.lc

12. Regional EconomicGrowth
www.govt.lc

13. SaintLuciaEconomy
Economic
Growth
(2017)
2.5%
www.govt.lc

14. FinancialSector
StructuralReforms
www.govt.lc
i)Broadeningthescopeand makingiteasier to usemultiple
sourcesof collateral (movableassets)
ii)Reforming theexistingframework surroundinginsolvency
collateral
iii)Reforming theexistingframework surrounding
foreclosure

15. 2018Investmentsfor
SaintLucia
www.govt.lc

16. 300 TemporaryJobs
(Construction)
350Full TimeJobs
(Completed)
www.govt.lc

17. 400 TemporaryJobs
(Construction)
450Full TimeJobs
(Completed)
SandalsLaSource&
GolfCourse
www.govt.lc

18. 2018Focus
1. Investinginourpeople
2. Upgradingourinfrastructure
3. Public SectorEfficiency
4. Restructuring our Debt
www.govt.lc

19. Investingin
OurPeople
www.govt.lc

20. Education
www.govt.lc
• Curriculum Development and the use of technology
appropriate for teaching and learning
• The GiNet initiative will faceplate the integration of
technology into classrooms
• Centre of Sports Excellence at Gros Islet Secondary
• Centre of Excellence for Creative Arts & Culture
at Anse Ger Secondary
• TVET & CVQ certification in Hospitality studies,
culinary arts, Spa & Wellness, Investment Services
& Construction techniques

21. Education
• Emptyschools plant will berepurposedasbusiness incubatorsto
encourageentrepreneurship andinnovation
• Improvingtherelevanceand quality of instruction acrossthesystem
• Enhancingspecial needseducation
• Rationalisation andrepairof theschoolplant to makeit learning and teaching
friendly
• Teachertraining and professional development
www.govt.lc

22. National
Apprenticeship
Programme
www.govt.lc
• Provide training for under skilled & unemployed youth
• OJO Labs in Vieux Fort- Currently 50+Jobs
(300 jobs by 2020)
• Culinary Arts & Hospitality Training
• Encourage Entrepreneurship via the Creation of Tours

23. 50+JobsCurrently
300+Jobsby 2019
www.govt.lc

24. Building Social Resilience
Protecting our Children
www.govt.lc

25. Youth &Sports
www.govt.lc
• Transform the Soufriere Mini Stadium into a
National Facility
• Establish Community Sports Hub facilities in
Dennery, Desruisseaux and Micoud Playing Field
• Increase Coaching and Build Capacity
• Youth Empowerment Programmes for Castries,
Dennery, Anse la Raye, Soufriere and Vieux
Fort

26. LocalGovernment
www.govt.lc
• Local Government reform
• Local Government Community projects
• Provide the Management, training and
support along with the procedural and
legislative measures

27. National
Health
Insurance
for All!
COVERAGEFORALL
SAINTLUCIANS!
www.govt.lc

28. Health
www.govt.lc
• Complete transition of the Victoria
Hospital to the OK-EU Hospital during
this financial year
• Repairs to St Jude’s Hospital/George
Odlum Stadium

29. Investment in
Infrastructure
www.govt.lc

30. $70Million
in
Building Resilience
Road network
Slope stabilization
River desilting
Drainage
Riverbank stabilization
www.govt.lc

31. Rehabilitation of
Millenium Highway &WestCoastRoad
www.govt.lc
• Government will re-construct 5.3km of
Highway from La Toc Roundabout to Cul-de Sac
• Resurfacing of 18km of the West Coast Road
between Roseau & Columbette

32. By-Pass Road
&Bridges
Bypass roads for useas analternative
to the Castries - Gros-IsletHighway
Completion of the Canaries andThomazo
Bridges
www.govt.lc

33. Slope Stabilization &Desilting
$12million in stabilization mitigation at Balata,Union,
Columbette, Trouvalle, Saltibus andMocha
29rivers and ravines across the island have
beenidentified for desilting
www.govt.lc

34. Building Bridge Resilience
www.govt.lc

35. Ports of Entry
www.govt.lc
Hewanorra International Airport
will undergo a Major Expansion
• Construction of a New Terminal Building
• New Air Traffic control tower
• Upgraded Security Systems
• Realignment and Extension of the Turning Bay

36. Pointe Seraphine
Modernization
www.govt.lc
• Completed expansion of Berth #1 at Pointe Seraphine
• Modernize the shopping complex which was built almost
32 years ago!
• The construction of a 140 room hotel, a modern “Class A” Business
Centre and Yachting Marina

37. Redevelopment of Castries
www.govt.lc
• Relocation of the container park
• Build a sanitary sewerage system

38. www.govt.lc
Vieux Fort Development
• Hewanorra Airport Redevelopment
• Cruise ship Homeport Terminal
• Duty Free Retail
• Other Retail
• Food & Beverage Establishments
• Hotel & Casino
• Waterfront Residences
• A Marina
• Free Zone Businesses

39. VillageTourism
www.govt.lc
TheVillage Tourism Project will provide opportunitesfor
SaintLucianstoinvest in theircommunities
Phase 1is the Consultancy to facilitatethe
establishment of a Village Tourismentity.
Phase 2consists of the establishment of Village TourismInc.
Promote the offering of community tourism products &
attractions that build on the natural, cultural & human
capital.

40. Water Resources
www.govt.lc
• Pipe Replacement project in Castries and from
Choc to Cap Estate
• Desilting of the John Compton Dam
• Dennery North Water Supply Project Phase
2: Provision of Pipe borne water to Aux Lyon
• WASCO will also investigate the drilling of artesian
wells as an additional source

41. Vieux Fort North
www.govt.lc
Water SupplyProject
• Construction of a new intake in the Vieux Fort river
• A water treatment plant at Beausejour, Vieux Fort
• Installation of transmission mains from the Beausejour
pumping station to the Beanfield storage tank, Augier
storage tanks and La Tourney storage tank
• Upgrade of the existing Beanfield transmission main
• Installation of storage tanks at Grace, La Tourney and Laborie
• Institutional Strengthening for WASCO

42. Housing
• Retrofitting of vulnerable houses in Anse La Raye
village.
www.govt.lc
• Relocation of vulnerable communities in Odsan, Bexon
and relocate an informal settlement in Anse Ger,
Micoud
• Revolving Loan Fund will makeover 400 lots available
through the National Sites & Services Programme for
low and middle income earners

43. Agriculture
Make Saint Lucia Self-sufficient in Tomatoes,
Sweet peppers, Pineapples and lettuce.
Over 2,100acres with 406 morefarmers and their
families benefiting from bananacultivation.
Mergethe Marketing Board and the Fish Marketing
Corporation
Expand Food Processing Industry
www.govt.lc

44. SecurityandJustice
www.govt.lc
• Committed to building a New Halls
of Justice
• New Police Headquarters in Castries
• New Police Station in Gros-Islet
• Training in Investigative Techniques
• Continue Expanding Services at the
Forensic Lab
• Community Policing

45. ResidencyProgramme
www.govt.lc
Residency Programme for HighNet-Worth
Individuals to take up residency in SaintLucia

46. InsuringforResilience
www.govt.lc
• Caribbean Catastrophe Risk Insurance
Facility or CCRIF
• Discussions with World Bank on Catastrophe
Deferred Drawdown Option or Cat DDO

47. Managing OurDebt
• High roll overrisk andvulnerable tointerest rateincreases
• Lengthenmaturity and reducecosts
• Reducerisk therebystrengthening investor confidence
• Introduceto Parliament a Public DebtBill
• Place Saint Lucia’sdebtportfolio ona sustainable path of 60
percent by2030.
www.govt.lc

48. IMPROVINGGOVERNMENT
EFFICIENCY
Transition Saint Lucia to anE-society
www.govt.lc

49. FISCALSTRATEGY
www.govt.lc
• The aim of my Government is to enhance
the overall efficiencies of expenditures, while
also ensuring that capital spending is aligned
to building resiliency and addressing
infrastructure gaps.
• Seek ways to reduce the debt servicing
burden

50. REVENUEMEASURES
RevisingtheExistingFuelPriceCap.
www.govt.lc
US$47.07
(per barrel)
US$64.69
(per barrel)2017
2018

52. www.govt.lc