Charlestown, Nevis
November 15, 2007
Nevisians received word on the performance of the island’s economy, when Premier of Nevis and Minister of Finance in the Nevis Island Administration (NIA) Hon. Joseph Parry, announced that the finances were safe and doing well. He made the announcement at a sitting of the Nevis Island Assembly in Charlestown on Wednesday November 14, 2007, ahead of the 2008 Budget presentation in December.
Mr. Parry said he had received information from the Ministry of Finance that the island’s finances from its current account position had shown growth for the period January to October 2007, as compared to the corresponding period in 2006.
“Madame President, if we looked at the current expenditure for the two periods in question, January 2006 to October 2006, the expenditure was $83.89million. For this year 2007, from January to October the expenditure is $84.34 million, a difference of $449, 852. In other words we have spent half a million dollars more this year for that period than we did for last year. I must also report Madame President, for the same period when we looked at the revenue collection in this island, we had $80, 115,653 collected last year January to October. This year we have collected $85, 684,161, a difference of $5,568, 508.