Author: SKNISEditor

Basseterre, Saint Kitts and Nevis, December 14, 2023 (Press Secretary, PMOSKN)- In his 2024 Budget Address on December 13, Prime Minister Hon. Dr. Terrance Drew enthusiastically praised the strides made under his Administration’s Sustainable Island State Agenda. Acknowledging the dedication of the St. Kitts-Nevis Labour Party’s “A-Team” in crafting the framework, Prime Minister Drew extended heartfelt appreciation to the driving force behind the initiative, the Minister of Sustainable Development, Hon. Dr. Joyelle Clarke.Highlighting the international acclaim garnered by the Federation’s Sustainable Island State Agenda, Prime Minister Drew underscored the positive reception it has received on the global stage.“We presented this…

Basseterre, Saint Kitts and Nevis, December 14, 2023 (Press Secretary, PMOSKN) – In a groundbreaking 2024 Budget Address on December 13, 2023, Prime Minister Hon. Dr. Terrance Drew instituted a series of transformative financial relief initiatives, providing much-needed support to the Federation of Saint Kitts and Nevis. The announcement of an eight percent (8%) general salary increase for all civil servants and pensioners, effective January 1st, 2024, was made with the recognition of their invaluable contributions to the government service “This increase reflects our appreciation for your contributions to the Government service as we firmly believe that your efforts should be…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): In his 2024 Budget Address in the National Assembly on December 13, 2023, Prime Minister of St. Kitts and Nevis, the Honourable Dr. Terrance Drew, reaffirmed the government’s decision not to introduce new taxes in the upcoming fiscal year. This decision aligns with the stance presented in his maiden Budget Address last December and continues to demonstrate the government’s dedication to a stable and predictable fiscal environment for its citizens and businesses. “Our government is not proposing the introduction of any new taxes at this time. We are, however, making progress in terms…

BASSETERRE, St. Kitts, December 13, 2023 (SKNIS) – During the 2024 Budget Address on Wednesday, December 13, 2023, the Government of St. Kitts and Nevis announced a comprehensive suite of financial incentives that will redound to the benefit of the people. This included plans for the establishment of a Financial Education and Savings Programme. The Financial Education and Savings Programme, a collaborative effort between the Eastern Caribbean Central Bank (ECCB) and various stakeholders, is a key part of the government’s dedicated focus on enhancing the financial literacy and well-being of the nation’s youth. “In pursuit of this commitment, we present…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): In a significant move to boost economic growth and business development, Prime Minister of St. Kitts and Nevis, the Honourable Dr. Terrance Drew, announced during his 2024 Budget Address in the National Assembly on December 13, 2023, that the Corporate Income Tax rate for corporations registered in the Federation will be officially set at 25 percent effective January 01, 2024. This decision follows a period of temporary reductions in the Corporate Income Tax rate, which were initially implemented until June 2023 and subsequently extended to December 2023. This policy, he noted, is an…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): Minimum wage earners in St. Kitts and Nevis will benefit from a higher rate of pay in 2024, as the Federal Government led by Prime Minister the Honourable Dr. Terrance Drew delivers on a key pledge to improve the lives of citizens and residents in a meaningful way. During the presentation of the 2024 Budget Address to the National Assembly on December 13, 2023, Prime Minister Dr. Drew, who also holds the portfolio for the Ministry of Finance, announced that as of January 01, 2024, the minimum wage will move from $9 per…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): The Government of St. Kitts and Nevis announced the upcoming implementation of a landmark Contributory Pension Plan, set to be operational from January 2024. This pivotal announcement was made by the Honourable Prime Minister and Minister of Finance, Dr. Terrance Drew, during his 2024 Budget Address in Parliament on Wednesday, December 13, 2023. Prime Minister Dr. Drew said that the new Contributory Pension Plan represents a significant advancement in the government’s ongoing commitment to enhancing the welfare and financial security of its public sector employees. The plan is designed to benefit all Government…

BASSETERRE, St. Kitts, December 13, 2023 (SKNIS) – The Honourable Dr. Terrance Drew-led administration has ushered in transformative innovations that have reinforced the integrity of the Citizenship by Investment (CBI) programme, and in effect aligning it with the highest standards for citizenship. That statement was expressed by Prime Minister and Minister of Citizenship and Immigration, Honourable Dr. Terrance Drew, during his 2024 Budget Address in the National Assembly on Wednesday, December 13, 2023. “As stewards of this vital programme, we have introduced stringent regulations including mandatory application interviews and the Sustainable Island State contribution, enhancing due diligence and directing CBI…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): The St. Kitts and Nevis Pavilion at COP28 was extremely impactful and allowed the youth delegates and other stakeholders to showcase life in the twin-island Federation while highlighting initiatives and activities to adapt to climate change. At a press conference on December 12, 2023, Minister of Environment and Climate Change, the Honourable Dr. Joyelle Clarke, described the Federation’s Pavilion as “the best space” at COP28 and noted that quite a number of delegates shared the same opinion. What was even more impactful, said the minister, was the attention that a project by Connor…

Basseterre, St. Kitts, December 13, 2023 (SKNIS): In his 2024 Budget Address, Prime Minister of St. Kitts and Nevis, the Honourable Dr. Terrance Drew, provided a comprehensive overview of the nation’s fiscal performance and future economic plans. A portion of the address focused on the fiscal landscape of 2022, highlighting challenges and achievements, especially in debt management and economic recovery. “Madam Speaker, a review of the Government’s fiscal performance revealed that for the 2022 fiscal year, a deficit of $99.2 million was recorded for the Overall Balance and the Primary Balance also reflected a deficit of $82.9 million,” Prime Minister…