Share this on:
 E-mail
17
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view truthskn's profile
    Posted December 16, 2013 by
    truthskn
    Location
    Basseterre, Saint Kitts and Nevis
    Assignment
    Assignment
    This iReport is part of an assignment:
    Tell us the Good Stuff!

    St. Kitts &Nevis Government Policies Insulate Nation From Ravages of Global Crisis

     
    (Basseterre, St. Kitts, December 15, 2013) Although Caribbean governments have been trying to stave off the ravages of the global economic crisis, this is often easier said than done - since many of the region’s challenges have their origins in capitols thousands of miles away.

    Barbados, long known for responsible governance, must now lay off 3,000 civil servants. Thousands of Grenadians, who until now did not have to pay income tax, will now be required to do so. Elsewhere in the region, meeting government payrolls has at times been problematic. And all of this is directly linked to the economic trauma and instability that has been upending the American and Eurozone economies for several years now.

    Throughout these difficult times, St. Kitts-Nevis has been pursuing a highly focused economic path and, under the leadership of Prime Minister Dr. Denzil Douglas - who also serves as Finance Minister, Kittitians and Nevisians have seen the most solid economic growth in the Eastern Caribbean this year. The country’s just-enacted Fiscal Year 2014 Budget contains no new taxes; civil servants will receive a 10% salary increase over the next three years; a moderate increase in public services has been approved; and the country is entering Fiscal Year 2014 with primary, recurrent, and overall budget surpluses.

    The global crisis continues creating economic dislocations throughout the region and across the globe, but the Government of St. Kitts & Nevis is maintaining its disciplined programmatic thrust to keep those dislocations at bay.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story