Budget Speech 2011 - Government of Grenada

There are no cuts in any social programmes including social safety nets.
We have expanded the capital budget from $159.0 million to $203.7
million. When compared with the $150.2 million that was spent last year,
this is an increase of 35.6 percent.
We have increased the allocation for tourism, the lead earner of foreign
exchange.
We increased the allocation of Agriculture and Fisheries.
We have extended tax relief to the construction and automotive industries.
We have extended the 10% tax rebate to manufacturers.
We will waive personal income taxes on severance payment made to
workers by employers upon involuntary termination of employment for a
period of 4 years.
We have increased the allocation for community development projects by
90% from $2.75 million to $5.25 million thereby creating more jobs for
our people and improving services in our communities.
We will launch a Youth Employment Initiative to provide employment
opportunities for 1500 young people. In this regard, we have tripled the
allocation for the Youth Upliftment Programme from $4.0 million to
$12.6 million to provide hope, training and employment opportunities to
our youth.
We will provide employment opportunities for a further 300 persons
between the ages of 15-24 under the Population and Housing Census.
We will deliver 361 housing units to Grenadians on completion of Phase
I of the Chinese Housing project in Mt. Gay and Soubise. Furthermore,
we will commence work on 390 housing units in Frequente, La Calome,
Diamond and Mt. Rose.
In preparation for the construction of these units, we will spend $2.0
million on infrastructural works thereby create jobs for more Grenadians.
2011 Budget Statement Page 91