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St. Kitts and Nevis economy continues to slow down, public debt rose in 2017, says ECCB

The St. Kitts and Nevis economy continues to slow down for the third consecutive year under Prime Minister Dr. Timothy Harris’ PLP/CCM/PAM administration.The St. Kitts and Nevis economy registered a GDP of 1.7 percent in 2017, according to the Eastern Caribbean Central Bank (ECCB) Annual Economic and Financial Review.

The ECCB said the fiscal operations of the Federal Government resulted in a “smaller overall surplus, driven by a fall in non-tax revenue supplemented by a rise in capital expenditure. The total outstanding public sector debt rose during the period under review.“In the banking system, monetary liabilities.

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