Prime Minister to present $440.3M Budget to Parliament on Tuesday

PM Skerrit

Roseau, Dominica – July 12, 2010………. Prime Minister and Minister for Finance, Foreign Affairs and Information Technology, Hon. Roosevelt Skerrit will present a $440.3 million Budget to Parliament when it meets for the Fifth Meeting of the First Session of the Eighth Parliament at the House of Assembly in Roseau on Tuesday, July 13, 2010.

The Prime Minister and Minister for Finance, Hon. Roosevelt Skerrit will seek Parliamentary approval for Estimates of Expenditure for the financial year ending June 30, 2011 amounting to four hundred and forty million, three hundred and seven thousand, nine hundred and twenty-two dollars (EC$440,307,922).

The Draft Estimates of Expenditure (not including amount provided by law) comprise total recurrent expenditure of two hundred and ninety-nine million, seven hundred and fifty-four thousand, nine hundred and thirty-six dollars($299,754,936) and capital expenditure of one hundred and forty million, five hundred and fifty-two thousand, nine hundred and eighty-six dollars(140, 552,986).

During the Meeting, the Prime Minister and Minister for Finance will also seek Parliamentary approval to borrow and guarantee by means of a fluctuating overdraft, a sum not exceeding in the aggregate of thirty-four million, five hundred thousand dollars(EC$34,500,000) 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, 2010.

The Prime Minister and Minister for Finance is also expected to lay the following on the Table of the House of Assembly:

• 2009/2010 Economic and Social Review

• Loan Agreement (Support for Selected Borrowing Member Countries to meet commitments to the Caribbean Catastrophe Risk Insurance Facility) between the Caribbean Development Bank and the Commonwealth of Dominica Guarantee Agreement (Eight Consolidated Line of Credit) between the CBD and the Commonwealth of Dominica

• Loan Agreement (Education Enhancement project) between the CDB and the Commonwealth of Dominica

• Loan Agreement(Natural Disaster Management- Rehabilitation of Sea Defences-Hurricane Omar) between the CDB and the Commonwealth of Dominica

• Loan Agreement (Natural Disaster Management – Immediate Response) (Hurricane Omar) between the CDB and the Commonwealth of Dominica

• Loan Agreement (Technical Assistance- Water Supply Network –Upgrading and Expansion) between the Caribbean Development Bank and the Commonwealth of Dominica and the Dominica Water and Sewerage Company Ltd

• 2009 Annual Report and Financial Statements of the Dominica Social Security Minister for Health, Hon. Julius Timothy will also lay on the Table of the House of Assembly the 2005/2006 and 2007/2008 Annual Reports and Financial Statements of the Dominica Solid Waste Management Corporation.

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13 Comments

  1. July 13, 2010

    Did not hear or read anything for the people of Sout Citi, Gwan Bay What about the old Geneva bridge that has been categorized as a tempo bridge ever since constructed years ago? Many questions for the Par-rep of Grand Bay. When are you going to stand up for the rights of Grand Barians? You better stop taking your people’s votes for granted. Ask for funds to finish what your beloved husband and Statesman started. He would smile and be proud while resting in his grave.
    Good luck & God Bless!

  2. Naomi
    July 13, 2010

    Monies need to be allocated for the purpose of continuous marketing of Dominica on the European market.

  3. annie
    July 12, 2010

    Correction….
    Could the PM advise how much is being allocated to the town of Portsmouth?

  4. annie
    July 12, 2010

    Could the PM advise how must is being allocated to the town of Portsmouth?

  5. Educator
    July 12, 2010

    All I am saying is more marijuana, more marijuana… aint commenting on what no one said before me so don’t reply to what I say.

  6. zammy
    July 12, 2010

    Lookin with great interest as to how much of the budget becomes a reality. Hope it doesnot become just another day in paradise. Hope the projects get going for youth development and at least to construct some sporting facility in Town for the folks. If there is nothing for sports development well well dis budget is lacking. Hope its not a raise Hope and kill dreams budget. wonder whats the 1990 budget as compared to this years budget. any changes?

  7. Smooth Sailing
    July 12, 2010

    The majority of these comments are so infantile it makes one feel to throw up. You have not heard the budget address yet, but you are already critical. I can bet my bottom dollar you all are not even going to listen to the address, instead you will be listening to music or gossiping. Yet you want to comment.
    If you all are supporters of the opposition, this is not how you get people to your side. The correct way is to listen, analyse and then come up with informed, well thought out objections and recommendations. This is how the ruling party was able to win over almost 5,000 of your supporters.

  8. July 12, 2010

    @URRR: The three mice who is going to make their debut tomorrow will repeat it so you could understand.they love the p.m leftover.You will know clean and green smart ahhhh………sss

  9. LISTENING
    July 12, 2010

    We will take everything that you will struggle and sweat to say WITH A GRAIN OF SALT.Thing is we know well you can say and utter untruths.Poor Us!!

  10. EZ People!!
    July 12, 2010

    @ Ti Cochon and URRR

    Relax people. Don’t get your coochi too wet. Wait till he presents the budget and then blow your smoke.

  11. Anonymous
    July 12, 2010

    Same BS, to fool the blinded Dominicans…………………..

  12. TI COCHON
    July 12, 2010

    OH YEH TELL US THE ECONOMY IS DOING WELL AND PROJECTIONS ARE GOOOOOOD. BETHER YET TELL US WE ARE DOING BETTER THAN OTHER ISLAND DURING ECONOMIC CRISIS.

  13. URRR
    July 12, 2010

    This budget must be packes with the same old rubbish of last year.Hope you will be able to read it,already you can’t read or pronounce properly.!!

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