Budget Speech 2011 - Government of Grenada

and we will continue to offer that. However, we know that these measures
are still not sufficient.
This year, we will intensify our efforts to work with the local private
sector and foreign investors in creative and purposeful manner to expand
economic activity in Grenada with a focus on our five transformational
sectors.
The Necessity for a Social Protocol
Of the 35,722 persons currently employed, 8,931 persons (25%) are
employed in the public sector. The remaining 26,791 persons (75%) are
in the private sector.
This picture confirms the often overlooked reality that job creation
in Grenada and in most countries is driven by the private sector not
Government. Indeed, it is estimated that between 40-50 percent of all jobs
in Grenada are generated by small businesses.
This reality underscores that job preservation and creation is a shared
responsibility that demands close collaboration among all social partners.
Each partner makes an important contribution.
For Government, it is to create and maintain the enabling environment
through macro-economic stability, pro-business policies and incentives.
For the private sector, it is to see opportunities and take risks using the
enabling environment provided by Government.
For labour unions, it is a collaborative approach with employers to ensure
workers produce optimally and are appropriately rewarded.
Having regard to the important role of civil society in national development
especially in area of social protection, our Government has called for
and continues to encourage a multi-partite approach to the challenges
facing our Country. This means an inclusive approach with the following
social partners – Government, private sector, labour unions and nongovernmental
organizations.
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2011 Budget Statement