Last Updated on December 20, 2017, 10:09 AM AST by Chris Matthew
The Appropriation (2018) Bill, 2017 has received the support of parliamentarians and was passed by the National Assembly on December 12.
The Bill is worth an estimated EC$706 million.
During the final discussion, prime minister and minister for finance Dr. Timothy Harris said that he believes all indicators in St. Kitts and Nevis point to a strong and robust economy.
“Three consecutive years of tax free budgets, three consecutive years of surplus budgets, three consecutive years of positive growth in the economy [and] two years in a row of [paying] a double salary,” the prime minister said.
The Chamber of Industry and Commerce (CIC) has expressed its confidence in the projects outlined in the budget for 2018, and agrees that they will further stimulate the local economy.
Capital projects which are scheduled to commence in 2018 are the second cruise pier at Port Zante, the refurbishment of the Old Road Fisheries Complex ad the upgrade of the Island Main Road.
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