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Youths under 18 will not be able to withdraw funds from government programme

Citizens of St. Kitts and Nevis has received further updates as it relates to the Financial Education and Saving Programme is due to commence this year.

 

 

 

The programme was announced by the prime minister during the 2024 Budget Address and will include the dissemination of comprehensive financial educational topics to the young people of the federation and all citizens between the ages of 5-18 will receive a $1000 savings account, where $500 will be invested in shares of government majority owned companies.

 

 

 

During an interview on VON Radio, Federal Cabinet Secretary and Chair of the programme’s committee, Dr. Marcus Natta provided some guidelines that would form part of the programme:

 

 

 

 

 

 

He also spoke on the importance of educating the youth on financing and investments:

 

 

 

Dr. Marcus Natta.