Nevis Committed in Meeting Fiscal Targets

The Minister of Finance and Premier of the island, Joseph Parry, is said to have made that commitment during a joint sitting of the federal and island Cabinets, on Friday 16th March, 2012.

In brief remarks the Premier informed that the Administration is very conscious of the seriousness of the exercise, and he added that Nevis as a separate entity, would eliminate unnecessary strain on the Federal Government

He also gave assurance that for the next three months, he will be personally involved with the Permanent Secretary of Finance, to ensure the various corporations are able to support themselves.

Also speaking at the meeting, Prime Minister of St. Kitts and Nevis and Minister of Finance, Dr Denzil Douglas, indicated that after meeting the targets for the second quarter of last year, in its assessment of the Stand-By Arrangement (SBA) with the International Monetary Fund, (IMF), it gave government the opportunity to analyse in detail what further can be done, to stay on the path of the necessary economic modifications, that have been achieved, and the structural changes that have been pursued in the economy.

Dr. Douglas noted that the meeting with the Cabinets and the IMF comes at the near end of the debt restructuring exercise, which coincided with the home-grown economic programme being pursued.

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