Citizens Await St. Kitts – Nevis 2008 Budget Address

Basseterre, St. Kitts – Nevis
DECEMBER 10TH 2007 (CUOPM)

Citizens and residents of the Federation of St. Kitts and Nevis await the 2008 Budget Address by Minister of Finance, Hon. Dr. Denzil L. Douglas.

Dr. Douglas, who is also the Prime Minister will present the 2008 Budget Address in the National Assembly tomorrow Tuesday 11th December 2007.

He will lay on the Table, the Report of the Director of Audit on the Accounts for 2006 and the Draft Estimates for 2008, before introducing the Appropriation Act, 2008 which provides for the services of St. Kitts & Nevis for the financial year 1st January 2008 to 31st December 2008.

Following the second reading of the Appropriation Act 2008, Prime Minister Douglas will present the Budget Address in his capacity as Minister of Finance.

Dr. Douglas will review the international, regional and national economic developments and give an insight into his St. Kitts-Nevis Labour Government’s expectations for the tourism, agricultural, non-agricultural, industrial development, information and technology, financial services and other sectors.

He will also provide information on the budgetary allocations for the various ministries, review the outcome of the previous financial year and give a fiscal prospect for 2008.

Tuesday’s session of the National Assembly is expected to be adjourned at the conclusion of the presentation to Wednesday morning will begin.

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