Published 31 October 2024
St Kitts, Basseterre,
Buckie Got It Media Source
Prime Minister, the Honourable Dr. Terrance Drew’s remarks – Budget 2024 National Forum
Click on the Link below for access to with the text version of Prime Minister, the Honourable Dr. Terrance Drew’s remarks made at the Budget 2024 National Forum on October 30th.
Key Points from PM Drew’s Remarks at Budget 2025 National Forum
- Economic Resilience and Growth: The projected 2.5% growth in 2025, driven by sectors like tourism and construction, signals a robust economic outlook.
- Tourism Revival: The sector is set to grow by 8.2% in 2024, supported by enhanced air travel options and the goal to surpass pre-pandemic tourist arrivals by 2025.
- Construction Sector Expansion: SEED projects, such as the Basseterre High School and desalination plants, promise to boost construction activities.
- Manufacturing Sector Revitalization: The government’s new manufacturing strategy aims to attract international partnerships.
- CBI Program Integrity: Key reforms in partnership with OECS and the US Treasury aim to secure long-term program benefits, including new applicant screening and audits.
- Sustainable Island State Agenda: SEED pillars promote clean energy, water sustainability, and economic diversification, targeting the Sustainable Development Goals by 2030.
- Agricultural Development: Initiatives like the Cannabis Industry and partnerships with Tabasco support agricultural innovation and food security.
- National Security and Health Investments: Programs like the 90-day National Citizen Security Campaign and construction of a climate-smart hospital prioritize safety and health.
