Budget Speech 2011 - Government of Grenada

• It ensures that financial impacts in future years are taken into
account when making policy decisions;
• By recognising that most government programmes and services
continue from year to year, it enables line ministries/departments
and Cabinet to focus on the changes to budget allocations such as
new spending proposals or savings options.
The Estimates of Revenue and Expenditure will now include an additional
table for the presentation of information on programme performance.
We propose to adopt a phased approach to performance reporting as
follows:
• 2011: Ministries and Departments were asked to identify
performance indicators for each programme;
• 2012: Ministries and Departments will set performance targets for
budget and forward years for each programme; and
• 2013 Budget: Ministries and Departments will report on
performance against targets.
5.9 JOB CREATION AND PUBLIC WORKS
Mr. Speaker, our Government is deeply concerned about high level of
unemployment in our Country. As a consequence, we have given special
focus to this issue in our budgets and in our stimulus packages.
There are those who willfully and mischievously peddle the idea that our
unemployment rate stands at 40 percent. We must debunk this fabrication
now!
The July 2008 poverty assessment Report showed that the labour force
of Grenada at the time of the report was approximately 47,581. Of
that amount, 11,859 or 24.9 percent were unemployed and 35,722 were
employed.
2011 Budget Statement Page 59