Research & Policy
An annual report on the Saint Lucia’s Economic Performance tabled in parliament. It includes information on the real, fiscal, debt, monetary and education sector.
What is the Economic and Social Review?
The accounting system used for monitoring and reporting expenditure.
What is Smartstream?
A person who provides or could provide goods, services or works to a procuring entity.
What is a Supplier?
A non-physical asset which includes cash, securities, bank deposits, loans and receivables owned by the Government.
What is Financial Asset?
What is a Treasury Bill?
This newly implemented tax is levied at 2.5 percent.
What is the Health and Citizen Security Levy?
This document details financial plans of the Government for the fiscal year and conforms to the Public Finance Management (PFM) Act, number 14 of 2020 which is the authority governing the preparation and submission to Parliament.
What is the Estimates of Revenue and Expenditure?
The awarding authority for contracts of a value from EC$500,000.00 and above.
What is the Central Public Procurement Board??
The elimination of an asset from a company's records, typically by selling or scrapping it.
What is Asset Disposal?
Daily Double!!!
A web-based tool that helps governments manage public debt.
What is Meridian?
The current personal income tax threshold for St Lucia.
What is $25,000.00?
This warrant is used to transfer funds from one unit to another unit in the same ministry.
What is a Virement Warrant?
DAILY DOUBLE!!!
A public officer who is the head of a department or who performs the duties of a head of department in the procuring entity.
What is Accounting Officer??
The acronym PAM stands for…..
What is Public Asset Management?
A fully electronic regional exchange that was promoted by the Eastern Caribbean Central Bank (ECCB), as a part of a programme to develop money and capital markets in the Eastern Caribbean Currency Union (ECCU).
What is the Eastern Caribbean Securities Exchange?
This letter is issued to an airline and given to students, athletes and a select few to waive taxes on airline tickets.
What is a ticket tax exemption letter?
This warrant is used to transfer funds from one ministry to another ministry.
What is a Reallocation Warrant?
The number of members on the Public Procurement Committee.
What is five (5)?
An exercise conducted at the end of each financial year which includes Stock verification at key stations islandwide.
What is Board of Survey?
The National Savings and Development Bond (NSDB) Act and the Treasury Bill Act has been replaced by this new piece of legislation.
What is the Public Debt Management Act 2023?
Current Expenditure plus ______________ is equal to Total Expenditure.
What is Capital Expenditure?
The maximum planned GOSL expenditure for the upcoming fiscal year.
What is a budget ceiling?
The process of identifying and consolidating requirements and determining the timeframes for their procurement with the aim of having them as and when they are required.
What is Procurement Planning?
The Board responsible for scrapping and condemning government assets.
What is Board of Condemnaton?
A list which contains all outstanding GOSL liabilities.
What is Debt Listing?