Table 8: Total Expenditure by Year on Year Percentage change %
The table below shows the increases in total expenditure over the last 8 years 2017-2025. St. Lucia’s fiscal envelope has undergone a significant expansion.
Total expenditure rose from XCD 1.23 billion in the 2017/18 baseline to a projected XCD 1.60 billion by the 2024/25 fiscal year.
The data reveals a steady upward trend in the early period, followed by a substantial 15.56% surge in the 2023/24 estimates. From an analytical perspective, this spike represents an expansionary fiscal pivot, likely driven by post-pandemic recovery efforts and the commencement of major capital infrastructure projects.
| Central Government Expenditure by function (COFOG) for St. Lucia, 2017/2018 - 2024/2025 (Total Expenditure by SNA Economic Activity and Y-o-Y Growth %) | ||
| Fiscal Year | Total Expenditure (XCD) | Year-over-Year Growth (%) |
| 2017/18 (Actual) | 1,229,500,420 | — |
| 2018/19 (Actual) | 1,260,007,265 | 2.5% |
| 2019/20 (Actual) | 1,273,157,180 | 1.0% |
| 2020/21 (Actual) | 1,281,413,387 | 0.7% |
| 2021/22 (Actual) | 1,314,768,801 | 2.6% |
| 2022/23 (Actual) | 1,352,703,756 | 2.9% |
| 2023/24 (Estimate) | 1,563,217,258 | 15.6% |
| 2024/25 (Estimate) | 1,602,349,465 | 2.5% |
| Source: Central Statistical Office of Saint Lucia, National Accounts, 3/6/26 |