Revised Laws of Saint Lucia (2021)

69.   Charges on Consolidated Fund

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    (1)   The repayment of a liability arising from Government borrowing under this Act or another enactment shall be charged on and paid out of the Consolidated Fund.

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    (2)   A payment made by the Government under a guarantee issued by the Government or a contingent liability created by the Government in accordance with the Regulations under this Act, and in accordance with another enactment shall be charged on and paid out of the Consolidated Fund.

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    (3)   All debt charges for which the Government is liable shall be charged on and paid out of the Consolidated Fund.

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    (4)   For the purposes of this section debt charges include interest, sinking fund charges, the repayment or amortization of debt and all expenditure in connection with the raising of loans on the security of the Consolidated Fund and the service and redemption of the debt created by the debt charge.