St. Kitts and Nevis’ debt-to-GDP ratio reaches the international benchmark of 60 percent under PM Harris’ history-making Team Unity administration, making it the very first independent state in the Eastern Caribbean Currency Union (ECCU) to achieve this important milestone.
Click here to view video: PM Harris outlines how his administration got St. Kitts and Nevis on the right fiscal track
“Some may ask how we got there,” PM Harris said.
“We got there because we were committed from the beginning to excel where our predecessor had failed,” Prime Minister Harris told the nation last Thursday, October 4th, 2018 during his monthly press conference.
“This is a herculean achievement,” PM Harris said.
“We achieved this milestone in spite of our comprehensive response in the aftermath of two Category 5 hurricanes that necessitated unbudgeted expenditures, particularly by the Ministry of National Security, Human Settlement, Education and the Public Sector Ministries, to name a few. We supported in cash the relief efforts of other countries – St. Maarten/St. Martin, Dominica, Antigua and Barbuda, and Anguilla,” Prime Minister Harris said on Thursday, adding, “Today, we are standing as the fiscally strongest country in the OECS and I’m certain within the Caribbean region, so this is a herculean achievement of which all of us must take pride.“