Premier: Nevis’ Financial Status Improving
Above: Charlestown (CJ Photo)
By the Caribbean Journal staff
Nevis’ financial status has been improving, Premier Vance Amory said last week at a conference on the island’s economy.
Amory, who was addressing the “Conference on the Economy 2013,” said his government had been focused on controlling spending and “trimming the fat and the excess which was bleeding the treasury.”
The Premier said the island’s overall primary balances had shifted from a deficit to a slight surplus in 2013 with revenues increasing by 2.7 percent so far in 2013.
Amory also addressed the NIA’s inability to cash out its $20 million Treasury bonds, an incident he said would serve as a challenge to “prevent the unfortunate process and procedure from being repeated.”
“It should be a lesson on how the administration seeks to manage its affairs going forward,” he said.
