PRESS RELEASE – A cabinet subcommittee led by Prime Minister, Hon Dr. Kenny D. Anthony will be meeting representatives of the Trade Union Federation today, to discuss proposals submitted by the Federation to deal with the fiscal deficit of the Government of Saint Lucia.
According to Prime Minister Anthony, “The Trade Union Federation responded to the invitation of the government to offer proposals to deal with the current fiscal deficit of the Government of Saint Lucia. Today, the Government will share with the TUF, its analysis of the proposals including the likely revenue that can be generated by those proposals for which estimates are easily available.”
Among the several recommendations, the Trade Union Federation has suggested to the Government of Saint Lucia that it should impose a 10% VAT on electricity bills for domestic customers consuming over a specified threshold. It recommended that Government increases the taxes on alcohol and specifically on cigarettes by twelve cents. It has also urged the Government to defer the tax refunds announced earlier in this year’s budget.
Prime Minister Anthony says he is looking forward to a spirited and interesting discussion.