Budget Speech 2011 - Government of Grenada

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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
Mr. Speaker, we have articulated a clear and compelling vision for our country driven by our five transformational sectors. We are confident that, working together as Nation, led by our servantleader, Prime Minister, Tillman Thomas and with the help of Almighty God, we can achieve great things this year. May God bless the people of Grenada, Carriacou and Petit Martinique. I thank you. Page 92 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
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Improving the Business Climate •
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o o 6 acres of avocados 10.6 acres
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• Provided every primary and seco
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Violence Act - landmark legislation
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We pointed out that there are sever
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We commenced the process of tax ref
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In preparing this strategy we have
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will depend on two additional criti
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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 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: The Organisation of Eastern Caribbe
Page 95 and 96: Page 94 2011 Budget Statement
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Budget Speech 2011 - Government of Grenada

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