Budget Speech 2011 - Government of Grenada

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While showing the necessary sensitivity to one group of taxpayers, Government has the corresponding duty to be even handed, balanced and fair to every taxpayer. It is only in this way that Government can fulfill its duty to all taxpayers and preserve the integrity of the tax system. In light of this, the amendment being sought should have retroactive effect from September 1st 2008 – the effective date of commencement of the crisis – to assist those employees who lost their jobs earlier in the crisis; and expire on December 31st 2012, by which time it is anticipated that Grenada would have overcome the crisis and be steadily growing. Correspondingly, in determining the employee’s tax liability in any given year, all income other than the severance payment, earned subsequent to the date of severance must be treated as taxable income as defined by the Income tax legislation and dealt with in accordance with the provisions of the Act. We wish to assure our Labour partners that the policy measures adopted by this Government represent nothing more than a sincere attempt to handle this matter in the best interest of all concerned, including unemployed and displaced workers. In closing this issue, I wish to state that in the face of the ongoing challenges confronting our Country, the necessity for a social protocol, as a key instrument of governance, remains real and urgent. We urge the Labour Unions to recommit to this important effort. 5.10 SOCIAL PROTECTION Mr. Speaker, I have already made reference to the improved benefits which we have facilitated under the National Insurance Scheme. In my previous Budget Statement, I reported one of the key findings of an independent assessment of safety nets in Grenada is that as a proportion of national income: Grenada has the highest level of safety nets in the Western Hemisphere. 2011 Budget Statement Page 73
This year, Government will continue all of its safety net programmes including: Public Assistance - $9.6 million School Feeding - $4.0 million Textbooks - $4.0 million Transportation for Needy Students - $1.3 million Government has requested technical and financial assistance from the World Bank to establish a comprehensive safety nets policy, central beneficiary registry as well as institutional strengthening including staff training for the Ministry of Social Development. This year, the Child Welfare Authority will assume full responsibility for all aspects of Child Protection including adoption and foster care. A new Parenting Policy will be prepared and the Policy on the Aged will be implemented. 5.11 EDUCATION AND HUMAN RESOURCE DEVELOPMENT Mr. Speaker, education and human resource development has been a top priority of this Administration from day one. Our focus on this vital area of development will be maintained. Consistent with the strategic plan, the four broad areas of focus are: • Teacher Education and Training: • Refocusing the curriculum: • Upgrading and rebuilding of educational facilities: • Creating and providing educational opportunities Page 74 2011 Budget Statement
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GOVERNMENT OF GRENADA 2011 Budget S
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5.8 Strengthening Economic Manageme
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Page 4 2011 Budget Statement
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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
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3.0 LOCAL DEVELOPMENTS 3.1 Performa
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In an effort to provide additional
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It is useful to understand how Gove
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Based on the revised GDP, Grenada
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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 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: persons whose employment was involu
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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