Revised Laws of Saint Lucia (2023)

15.   Public Debt Sustainability Analysis

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    (1)   The Unit shall, in collaboration with the Research and Policy Division, undertake a public debt sustainability analysis for the public sector in each financial year.

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    (2)   In preparing a public debt sustainability analysis under subsection (1), the Unit and the Research and Policy Division shall consider —

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      (a)     the present and forecasted stock of public debt in relation to the baseline;

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      (b)     the forecasted growth of the economy of Saint Lucia and its vulnerability to shocks, including a negative shock to real gross domestic product growth, nominal depreciation, interest rate shock and contingent liability shock; and

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      (c)     other factors relating to public debt sustainability analysis.

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    (3)   The Unit shall, in relation to a public debt sustainability analysis, submit to the Director of Finance a report with —

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      (a)     the methodology used in conducting the public debt sustainability analysis; and

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      (b)     the results.

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    (4)   The Director of Finance, on receipt of a report under subsection (3), shall submit the report to the Minister.