Prime Minister Phillip J Pierre speaking to reporters Monday during the weekly pre-Cabinet press briefing.
Prime Minister and Minister for Finance Phillip J. Pierre will on Tuesday present what he says is Saint Lucia’s largest-ever budget, totalling $2 billion.
Making the announcement at Monday’s pre-Cabinet press briefing, he expressed excitement about delivering the 2025/2026 Estimates of Revenue and Expenditure. He said the presentation in the House of Assembly, his third since taking office in 2021, will reflect the country’s economic growth and government’s fiscal prudence.
“I’m very excited to present it to the people of Saint Lucia. The budget will show the level of economic or fiscal prudence and growth in the economy. It will show that we are running surpluses—surpluses that are necessary for the continuation of the economic development of Saint Lucia,” he told reporters.
“It is just going to be about figures, but really where the government’s policy comes out, how the government will guide the country for the next year, will come at the passing or the reading of the Appropriations Bill which will happen on the last Tuesday in April,” he further clarified.
Breaking from tradition, the government has allotted an extra day for the opposition to review the Estimates before the debate begins—a move Pierre says is “in the interest of transparency and accountability”. The debate will therefore be held on Thursday and Friday.
The prime minister’s presentation will begin at 5 p.m.
With general elections due by July 2026, speculation is mounting that this could be Pierre’s final budget before the next elections.
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