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HOME :: RESEARCH :: DEBT :: NEWS:: MAY 2007

HIGH COST OF LIVING


The ever increasing high cost of living which confronts our citizens on a daily basis is making it very difficult or impossible in some cases, for us to lead so-called normal lives.

The direct correlation between the cost of goods and services, and our two and a half billion dollar National debt is cause for concern and one which cannot be ignored.

It is fair comment to say that a healthy economy provides for a controlled rate of inflation hence a resultant stabilized "cost of goods and services".

As St. Kitts is now the number one most indebted country in the world, the present Labour government is now considered to be bankrupt in layman terms.

Every month the government realizes 2.5 million dollars in revenue collection whilst the monthly expenditure amounts to 30 million dollars.

read entire article on PamDemocrat

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