Thursday, February 13, 2014

Stimulus Package Ends On Feb 28, 2014

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8 comments:

Anonymous said...

RECALCULATE THE NUMBERS 40.3+2.7+12.6 = 55.6 MILLION

While the full impact of the programme is yet to be evaluated, it is estimated that the Government of Saint Lucia will forego revenue of $43.7 million and a further $12.6 million to cover the mortgage subsidy on the programme. This will bring the total cost of the Construction Stimulus Package to $56.3 million. The total revenue lost comprises customs duties in the amount of $40.3 million and refunds to importers of $2.7 million. - See more at: http://www.thevoiceslu.com/local_news/2014/february/13_02_14/Stimulus.htm#sthash.ANn7LIYz.dpuf

February 13, 2014 at 3:08 PM
Anonymous said...

Short-lived! But beyond this, whereas there can be some significant multiplier effects on the economy, the leakage effects in terms import inputs cannot be entirely discounted. These undermine impact with respect to efficacy. Therefore, the measure in and of itself is a mixed-bag, and may not be viewed as an entirely indisputable, or an unalloyed "growth" initiative.

February 16, 2014 at 11:20 AM
Anonymous said...

Government never thinks of the lower bracket hence forth it was thought of three weeks instead of 6 months.When someone is trying to maintain a pace with such a life in building a house and here we are with such an increase what a boom shell.yet the poor is there to suffer and the rich gets richer.Who cares when they are all concern for power.thanks

February 19, 2014 at 11:47 PM
Anonymous said...

I personally think that we collected enough funds from over seas to extend the stimulus package for another year.

February 19, 2014 at 11:53 PM
Anonymous said...

The Ministry of Finance does not understand economics except raising taxes to hand over to STEP and to companies like Frenwell, Black Bay, and Grynberg. Tax and spend are all they know.

Wait for when a more intelligent outfit come along with newcomers in place from top to bottom, then we can begin to expect improvement. But for now, please don't hold your breath. Those people holding office today don't know one fart about stimulus.

February 21, 2014 at 5:17 PM
Anonymous said...

No one in government has stated that the stimulus was totally ineffective or that it is not achieving the desired effect. One has to wonder too, if a monitoring and evaluation mechanism was ever considered to measure effectiveness. Public policy in the region habitually suffers from this.

Besides this, no one has mentioned anything about the misuse or inefficient use of resources. Therefore, one has to conclude that the stimulus has had or is having a positive economic impact.

Now, if that is the case, and stimulus is necessary to turnaround or revive the economy then why, even in the face of the CARICOM component removed, it was not redesigned to continue to drive the economic recovery?

February 22, 2014 at 12:15 PM
Anonymous said...

Governments in the region are still not up to snuff on public policy issues. They do not even offer statistical noise as information to base their decisions. How can any extra-regional financial institution respond to these governments as if they were treating their roles at all seriously?

February 23, 2014 at 10:34 AM
Anonymous said...

In Saint Lucia, there is clearly no economic talent and few economic skills. The depth is obviously wafer thin.

February 24, 2014 at 3:56 PM

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