Budget Speech 2011 - Government of Grenada

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- Entering and honouring a payment plan with CCC for arrears under the first phase The agreement with the OPEC Fund was signed in October of last year. Based on the last information received, we expect that the loan agreement with the Kuwaiti Fund will be signed early next month. At this juncture, Government and CCC are finalizing the works contract. It is our expectation that work will start soon after this contract is signed. Coastal Fisheries Development Project (Gouyave) This project commenced in August 2010 and is ongoing. Civil works will intensify this year generating additional jobs. It is estimated that at least $6 million will be spent this year. New Houses of Parliament Building The preparatory works will continue having received re-assurances from the Government of Australia that it is still committed to provide US$5 million for this project. Independent Offi ces Complex The preparatory works on this project is ongoing and it is projected that ground breaking will occur by the third quarter of 2011. The Offices to be housed in this Complex include Public Service Commission, Department of Audit, Office of the Ombudsman and the Integrity Commission. Market Access and Rural Enterprise Development Project (MAREP) This project is the successor to the Grenada Rural Enterprise Project (G-REP). It is funded by the International Fund for Agricultural Development (IFAD), the Caribbean Development Bank and the Government of Grenada at a total cost of EC$20.3 million. 2011 Budget Statement Page 63
Its development goal is to contribute to the reduction of poverty in fifty (50) rural communities including Carriacou by increasing the income of unemployed youth and self employed men and women in these communities. Unlike, G-REP which focused primarily on community infrastructure projects, this project will focus on supporting livelihoods in rural communities and will have a strong emphasis on agricultural production, fishing and food security. To this end, the project will establish a Rural Investment Fund. This Fund will have three windows: the Social Window: to finance investment in critical public infrastructure for production, processing and marketing; the Enterprise Window: to support business planning, production, processing and marketing targeted to legally constituted organizations; and the Productive Window: to provide financing for small scale sustainable revenue generating initiatives. Given the scale of this project, the project steering committee will include community based organizations, a representative farmers’ organization and a financial institution among others. The headquarters for the project office will be in St. Patrick, the parish designated as the poorest parish by the last Poverty Assessment. This project will be implemented over 6 years and should commence no later than March of this year. An allocation of $1.65 million has been provided for the first year during which twenty (20) communities will be targeted. The number of communities targeted will increase in successive years of the project. 2011 Population and Housing Census Mr. Speaker, most countries have decided to conduct their round of Population and Housing Censuses in 2010 or 2011. Grenada will conduct its Census of Population and Housing this year with May 12 to be designated as Census Day. Page 64 2011 Budget Statement
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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
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not accompanied by significant job
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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 and 44: 4. Improved marketability of fish p
Page 45 and 46: Support for Airlift It should be no
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: To our dismay, the design works wer
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
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Budget Speech 2011 - Government of Grenada

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