Prime Minister and Minister for Finance Roosevelt Skerrit will present an EC$437.6 million dollar Budget to Parliament when the House meets on Tuesday.
The prime minister will seek parliamentary approval for Estimates of Expenditure for the financial year.
PM Skerrit will also seek Parliamentary approval to borrow and guarantee by means of a fluctuating overdraft, a sum not exceeding in the aggregate of EC$36,500,000 from approved financial institutions to meet Central Government’s current overdraft requirements, and to guarantee overdrafts to statutory boards and public corporations for a further period of one year, commencing from the 1st day of July, 2012.
As is customary at the start of a new Parliamentary Session, there will be an address by head of state President Nicholas Liverpool.
During the sitting PM Skerrit will table the Report of the Director of Audit for the Fiscal Year ended June 30, 2010.
The Prime Minister will also lay on the Table the third Medium-Term Growth and Social Protection Strategy (GSPS) as well as the Economic and Social Review for fiscal year 2011/2012.
The Dominica Social Security’s 2011 Annual Report and Statement of Accounts will be laid on the Table of the House of Assembly by the Minister for Lands, Housing, Settlements and Water Resource Management Reginald Austrie.
And Minister for Education and Human Resource Development Peter St Jean will also lay on the Table the audited statement of Receipts and Payments in respect of the Education Trust Fund for the period 1st January, 2010 to 31st December 2010.
ITS FOR THE PEOPLE YOU SAY HUH
I WANT MY SHAREEEEE 
Maybe This Year We Might Have A Genuine Debate About The Budget….
One do hope and trust that the Budget will be pregnant with revenue generating plan and strategies! One is also looking forward to income generating plans from this years budget! The economy wants a booster! Grants, grants are goood but the leaders need to tell Dominicans how the budget would be revenue generating!
Don’t they always state where revenue will come from?
One such revenue area is VAT… Any other Revenue generating aspect will have to be a new Tax, that’s what government do, they collect tax so what exactly you want to hear an increase in tax??
The private sector must look at ways to increase their revenues, DAPEX say they want boat, they should try to raise money through issuing of shares to the public and purchase a boat… Government cannot be Private and Public Sectors at the same time!!!
U WANNA KNOW WHERE VAT COMING OUT? WELL GUESS WHERE…
FROM UR POCKET WHEN U BUY THAT MINT IN THE SHOP
they can use a dictionary of fancy words to sum up the budget an do a variety of calculation to boball d/cans but all i’m concerned is if there are employment improvements to help most of the youth that leaving school
“a sum not exceeding in the aggregate of EC$36,500,000 from approved financial institutions to meet CENTRAL GOVERNMENT’S current OVERDRAFT requirements”
and to GUARANTEE OVERDRAFTS OF STATUTORY BOARDS and PUBLIC CORPORATIONS for a FURTHER PERIOD of one year, commencing from the 1st day of July, 2012.
the words speak for themselves..
the good news here is “The prime minister will seek parliamentary approval”