BASSETERRE, St. Kitts, December 11, 2018 (Press Unit in the Office of the Prime Minister) – The National Assembly of St. Kitts and Nevis is set to meet on Wednesday, December 12, 2018, at which time the Draft Estimates for 2018 will be laid before the Federal Parliament and The Appropriation (2019) Bill, 2018, will be debated.
The Appropriation Bill is designed to support and strengthen the implementation of various plans and programmes of the Government of St. Kitts and Nevis for the upcoming financial year, commencing January 1, 2019, and ending December 31, 2019.
During Wednesday’s sitting, the Report of the Director of Audit on the Accounts for 2017, and the Draft Estimates 2019, will be laid before the House.
After this, Prime Minister and Minister of Finance, Dr. the Honourable Timothy Harris, will introduce and move the first and second readings of The Appropriation (2019) Bill, 2018, of approximately EC$773 million.
The Appropriation (2019) Bill, 2018, provides for total recurrent expenditure of EC$526.7 million and a total capital expenditure and net lending of just over EC$151 million.
For three consecutive years (2015, 2016 and 2017), the Team Unity Administration has presented surplus budgets that have led to improved delivery of public service, increase in economic growth and the overall improvement in the quality of lives of all citizens and residents of St. Kitts and Nevis.
On Wednesday, December 6, 2017, Prime Minister Harris presented his Team Unity Administration’s 2018 Budget, which allocated EC$706 million for recurrent and capital expenditures.
The Appropriation (2018) Bill, 2017, was unanimously passed in the National Assembly of St. Kitts and Nevis on Tuesday, December 12, 2017.