Revised Laws of Saint Lucia (2021)

27.   Fiscal Policy Statement

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    (1)   The Minister shall issue a Fiscal Policy Statement no later than one month after the end of the first 6 months of each financial year.

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    (2)   The Fiscal Policy Statement under subsection (1) comprises —

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      (a)     a review of the performance of the budget in the previous 6 months, and its impact on the remainder of the financial year and the 2 subsequent financial years immediately following the financial year, based on the prescribed fiscal targets and the fiscal policy;

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      (b)     a statement on the changes to the economy from the previous review, and reasons for the change;

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      I     a statement on the fiscal risks to the economy, and public debt;

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      (d)     a statement on the impact of the change on the economy in the coming 6 months of the financial year and the 2 subsequent financial years immediately following the financial year;

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      I     a statement to identify fiscal risks and the proposed policy to address fiscal risks and public debt for the remainder of the financial year and the 2 subsequent financial years immediately following the financial year;

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      (f)     a macro-economic forecast;

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      (g)     a statement of the annual programmes that are intended to present investment projects for implementation in the public sector.