Economy surplus to be given to St Kitts and Nevis citizens ahead of the winter holidays, government announces

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December 1, 2018
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Economy surplus to be given to St Kitts and Nevis citizens ahead of the winter holidays, government announces

St Kitts and Nevis, a small dual-island nation located in the Caribbean, reaches new heights as 2018 draws to an end. After an eventful year with both economic and societal advancements made across the islands, Prime Minister Timothy Harris addressed the nation last week and made several announcements. He briefly commented on the achievements accomplished by the Team Unity administration that would affect its citizens in the immediate future.

PM Timothy Harris announced that, due to the “excellent” assessment of the country’s fiscal health, all public servants would be receiving a double salary, for the third consecutive year, come December 14th. Additionally, the government decided to restore and pay the double salary to non-establishment workers on the same day.

PM Harris also introduced the Poverty Alleviation Programme, launching on the 21st of December, which will offer a $500 stipend every month to citizens who earn less than $3000/per household. The programme was labelled by Harris as being “one of the best social development initiatives to be implemented over the past 30 years”.

St Kitts and Nevis continues to secure their place as one of the top Caribbean destinations with a booming tourism sector that has attracted travellers across the globe. PM Harris revealed that the MS Symphony of the Seas – the world’s largest passenger cruise ship – arrived to the islands’ shores on Tuesday, 11th December. Later that same day, the twin-island nation welcomed the opening of a new bus terminal set to transform the public transportation system, allowing for a smoother passage across the Federation and open new economic opportunities.

The economic success of the islands can be partly attributed to the country’s prosperous citizenship by investment programme. As a leading economic citizenship programme over the last three decades, its procedures have been fine-tuned to offer investors an efficient and secure solution that continues to stay ahead of the needs of the market. Earlier this year, St Kitts and Nevis introduced a new investment option, the Sustainable Growth Fund, hailed as the programme’s most affordable and straightforward route to second citizenship. Funds generated from the programme have been utilised for the further advancement of the nation. Most notably, according to the St Kitts and Nevis government, investments have been channelled into rehabilitating 900 homes affected by Hurricane Maria in 2017.

Prime Minister Harris noted that the islands are on the right direction and with the best debt-to-GDP ratio of the last 25 years. For those interested in acquiring about St Kitts and Nevis Citizenship by Investment Programme, please visit: www.csglobalpartners.com/citizenship-st-kitts

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