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St. Kitts and Nevis launches $15M income support programme: CARICOM BUSINESS

St. Kitts and Nevis is implementing another round of income support for residents who became redundant in March 2020 and remain unemployed because of the global COVID-19 pandemic.

Prime Minister Dr Timothy Harris announced the $15 million, 2021 Income Support Programme on July 08. Under the programme qualified applicants will receive “a monthly stipend of $1,000” which will be paid for the next 3 months.

Other measures announced include a 3-month deferral on residential electricity bills, a 6-month stipend to assist households with differently abled children, increased support for victims of domestic abuse, and waiving commercial rent for 6 months for small businesses that lease space through the Ministry of Tourism and Transport. Additionally, the VAT rate will be reduced to 5% for 3 months on commercial rent for small businesses and a reduction of the travel tax for 6 months to boost visitor arrivals. (AN)

Extract from CARICOM BUSINESS Newsletter Vol 4 No 27

Click on Image or Link below to read full Newsletter

Caricom Business July 10 2021-vol-4-no-27

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