Budget Speech 2011 - Government of Grenada

Programme. This initiative will target young unemployed school leavers
between the ages of 16-25 and provide them with a basic monthly stipend,
paid by Government while the young person is attached to a private
business, state-owned enterprise or state sponsored programme or activity,
where he or she can acquire work skills and experience.
The intention, Mr. Speaker is to bring 1500 young persons under this
initiative in the first instance striving, as much as possible, to ensure a fair
and equitable distribution of opportunity among the fifteen constituencies.
In order to ensure a singular focus, optimize resources and achieve
greater synergies, the young persons currently participating in the Youth
Upliftment Programme will be made a part of the Youth Employment
Initiative.
Mr. Speaker, the allocation for this programme is $12.6 million; more than
triple the sum allocated last year.
IV. Improvement in the Business Climate
Mr. Speaker, there is an important nexus between improving the business
climate and job creation. Reforms such as reducing the time to register a
business, clear goods at the Port, pay taxes and receive construction permits
are essential for persons looking to create employment opportunities for
themselves and others.
For the man in the street, doing business reforms are a practical necessity
as they impact, in a direct way, his ability to earn a living for himself and
his family.
For the investor (local and foreign), it is an essential part of their
competiveness in a fiercely competitive marketplace.
According to the 2011 Doing Business Report and I quote “A vibrant
Private Sector with firms making investments, creating jobs and
improving productivity promotes growth and improves opportunities for
the poor.” End of quote.
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2011 Budget Statement