Budget Speech 2011 - Government of Grenada

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Such a facility would provide opportunities for the students to remain in Grenada for longer period to do their clinical rotations and internship. This additional expenditure would have a significant impact on the domestic economy. This thrust is also timely in light of the posture of certain teaching hospitals in the USA to attempt to limit the intake of students from Caribbean medical schools. More importantly, Government believes that the establishment of a Teaching Hospital in Grenada would help to raise the standard and quality of health care for citizens at home, citizens abroad desirous of returning home to retire as well as our visitors. Mr. Speaker, I am pleased to report that the Government and St George’s University signed a new agreement late last year. This Agreement is the most comprehensive since the establishment of the University. The benefits for Grenada include more scholarships, equipment for the hospital and support for specialists at the Hospital. As part of this Agreement, Government and the St. George’s University have agreed on the necessity for a Teaching Hospital. As a first step, the University will develop a Clinical Teaching Programme at the General Hospital by September 2011. During the course of this year, Government will engage the University and other potential partners and investors to move forward on this important project. 5.4 TOURISM AND HOSPITALITY SERVICES Government recognizes the importance of the tourism industry as the single largest source of foreign exchange and an important generator of jobs and general economic activity. In this regard, the allocation in 2011 is $28.9 million, an overall increase of $1 million. This sum includes $17 million for marketing and $10 million for airlift. 2011 Budget Statement Page 43
Support for Airlift It should be noted that the allocation for airlift which includes some joint marketing with the airlines has been increased by $2 million to $10 million. We will continue to provide marketing support to the airlines as a strategy in support of shared risk. The phasing out of these heavy fiscal commitments can only be realized with the construction of additional and appropriate hotel rooms. Hotel Development Government will continue to engage local and foreign investors on several stalled tourism projects. This would include as was done last December, joint investment promotion missions overseas. Furthermore, Government has signed an agreement with the OPEC Fund for International Development (OFID) which can facilitate concessionary financing for some of these projects which have been on hold since the financial crisis. Product Development Upgrades to Heritage Tourism will continue with restorative works on our fortifications, including Forts George and Matthew. The product has been enriched by the additional of several festivals in the past year. These include: the Maroon & Regional String Band Festival in Carriacou, the Spice Word and National Folk Festivals. We will continue to work with villages and communities on the Parish Branding Initiative which aims to identify the unique features or products of each parish and market them to our tourists. In this regard, the Fish Fry in Gouyave is now established and frequently supported by our visitors. This work will also extend to preparing Dive and Yachting Products to deliver what is promised in Marketing Promotions. Page 44 2011 Budget Statement
Page 1 and 2: GOVERNMENT OF GRENADA 2011 Budget S
Page 3 and 4: 5.8 Strengthening Economic Manageme
Page 5 and 6: Page 4 2011 Budget Statement
Page 7 and 8: At home, many of us lost loved ones
Page 9 and 10: not accompanied by significant job
Page 11 and 12: Mr. Speaker, the data show that the
Page 13 and 14: 3.0 LOCAL DEVELOPMENTS 3.1 Performa
Page 15 and 16: In an effort to provide additional
Page 17 and 18: It is useful to understand how Gove
Page 19 and 20: Based on the revised GDP, Grenada
Page 21 and 22: This year, our VAT Unit will intens
Page 23 and 24: Improving the Business Climate •
Page 25 and 26: o o 6 acres of avocados 10.6 acres
Page 27 and 28: • Provided every primary and seco
Page 29 and 30: Violence Act - landmark legislation
Page 31 and 32: We pointed out that there are sever
Page 33 and 34: We commenced the process of tax ref
Page 35 and 36: In preparing this strategy we have
Page 37 and 38: will depend on two additional criti
Page 39 and 40: The individual freedoms we enjoy in
Page 41 and 42: Public Debt - $188.3 million (or 24
Page 43: 4. Improved marketability of fish p
Page 47 and 48: in securing vacations and is workin
Page 49 and 50: We are working closely with the Off
Page 51 and 52: to explore the technical and commer
Page 53 and 54: the three (3) sites, thus negating
Page 55 and 56: In a real sense, C@ribNET is a cata
Page 57 and 58: And Grenada is not alone. Having re
Page 59 and 60: Project Grenville Market Developmen
Page 61 and 62: The report showed that of the perso
Page 63 and 64: To our dismay, the design works wer
Page 65 and 66: Its development goal is to contribu
Page 67 and 68: Programme. This initiative will tar
Page 69 and 70: VI. Support for Existing Businesses
Page 71 and 72: and we will continue to offer that.
Page 73 and 74: persons whose employment was involu
Page 75 and 76: This year, Government will continue
Page 77 and 78: 9. Creating training and educationa
Page 79 and 80: The Grenada Home Improvement Scheme
Page 81 and 82: 4. To commence work on the Top Hill
Page 83 and 84: The Sustainable Development Council
Page 85 and 86: The updated Public Service Rules an
Page 87 and 88: These achievements included: • Su
Page 89 and 90: all sectors of our society. NaDMA w
Page 91 and 92: The Organisation of Eastern Caribbe
Page 93 and 94: Mr. Speaker, we have articulated a
Page 95 and 96:
Page 94 2011 Budget Statement
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
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Budget Speech 2011 - Government of Grenada

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