(By Ernesto Cooke) – As the pandemic drags on and with low uptake in vaccines, it appears that St Vincent and the Grenadines is on the long road to recovery.
Prime Minister Ralph Gonsalves, on Wednesday morning, said the government might not be able in the next couple of months to pay salaries.
“In one or two months, or sometime if the strained economic activity continues, the government may not have the 30 million to pay civil servants and contribute to the NIS for pensioners payments”.
Gonsalves says they have held the economy together; however, there is real pressure on the government.
“Our revenue dropped by 15 million, and we recouped in February; that’s because there were a couple of big alien landholding license transactions from Mustique; there is a couple more in the pipeline”. Gonsalves said.
The World Bank indicates that St Vincent’s economy is expected to grow by 0.2 percent in 2021.