Department of Finance
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Research: The Platform for Innovation, Competitiveness and Growth | Publications | 2021-05-11 15:30:51
This paper empirically examines the determinants of commercial bank deposits in Saint Lucia using data
over the period 1995-2018 to identify the factors which have been contributing to Saint Lucia’s constant
deposit growth. Using the ARDL bounds test approach to assess cointegration, results indicate that in the
short-run, GDP and inflation rates are cointegrated with deposits rates while in the long-run no cointegration
exists between the independent variables and deposits. Employing the Toda-Yamamoto test to assess
causality among deposits and the other variables, results indicate that in the long-run, corporate income
tax, GDP, inflation, remittances and interest rates all positively and significantly influence deposit rates in
Saint Lucia. These findings suggest that in the short-run, Saint Lucian policy makers can influence deposit
rates through growth enhancing policies. However, in the long-run policies aimed at attracting remittances
as a special interest rate on bank deposits for persons who live abroad or policies aimed at encouraging
investments with remitted funds may be particularly important for the Saint Lucian economy. This study
has implications for development and formulation of monetary policy for Saint Lucia and similar small open
economies.
Filename: Research_The-Platform-for-Innovation,-Competitiveness-and-Growth.pdf | Size: 44.29 MB
Downloads: 1647
Downloads: 1647
THE DEMOLITION OF THE MARKETING BOARD BUILDING TO ACCOMMODATE CONSTRUCTION OF A BOX PARK AS PART OF | Special National Projects | 2021-05-02 18:24:46
The scope of the project is to demolish the existing Marketing Board building to accommodate the
proposed Box Park building. The building to be demolished is a single storey concrete framed and
blockwork building, with a flat concrete roof. Due to the size and height of the structure, it is anticipated
that the building can be demolished without the use of implosion, or explosive means, but rather by the
use of excavators and jack hammers, which will reduce the level of vibration required.
Filename: Marketing-Board-Building-Demolition_ESMP_final_April-23-2021.pdf | Size: 3.74 MB
Downloads: 1893
Downloads: 1893
Guide to the Budget | Publications | 2021-04-21 10:42:09
The Government of Saint Lucia believes it is important for the people of Saint Lucia to understand the budget process; government revenue, government expenditure and the policy initiatives that benefit all Saint Lucians. In this regard, the Government of Saint Lucia, via the Department of Finance proudly presents the first Citizen’s Guide to the Budget for the financial year 2021/2022.
Filename: The-Citizen's-Guide-to-the-2021-2022-Budget-(Amended).pdf | Size: 17.95 MB
Downloads: 1889
Downloads: 1889
Economic & Social Review 2020 | Publications | 2021-04-13 21:15:09
The figures for the year under review, and in some cases for previous
years, are preliminary.
The Government of Saint Lucia wishes to thank all the individuals and
institutions in both the public and private sectors (whether in Saint Lucia or
abroad), for their kind co-operation in supplying data or other information
for this Review.
Filename: Economic-and-Social-Review-2020.pdf | Size: 12.36 MB
Downloads: 2964
Downloads: 2964
ESTIMATES OF REVENUE AND EXPENDITURE 2021-2022 | Publications | 2021-03-24 14:00:02
ESTIMATES OF REVENUE
AND EXPENDITURE
2021-2022
Filename: soft-copy-draft-estimates-2021-2022.pdf | Size: 8.25 MB
Downloads: 8562
Downloads: 8562
PROTOCOL ON PUBLIC PROCUREMENT FOR THE CARIBBEAN COMMUNITY | General Information | 2021-03-11 08:17:57
Article 239 of the treaty of Chaguaramas requires member states to elaborate a protocol relating to government procurement. The Community Protocol on Public Procurement was approved by the Conference of Heads of Government at its 30th Inter- Sessional Meeting held in St. Kitts and Nevis in February 2019. Member states are now required to sign the declaration of provisional application. The Government of Saint Lucia has passed procurement legislation which is in harmony with the provisions of the CARICOM protocol hence there are no onerous requirements associated with adopting the provisions of this protocol. The public is invited to view the protocol and procurement stakeholders are to be advised of its provisions. Concerns and queries on this Protocol can be addressed to public.procurement@govt.lc
Filename: cari-procure.pdf | Size: 264.35 KB
Downloads: 1244
Downloads: 1244