Prime Minister, Roosevelt Skerrit, has reported growth in Dominica’s economy for the last financial year and is predicting even more growth for the new financial year.
Presenting the country’s budget for the 2015-2016 financial year on Friday morning, Skerrit said the island’s economy grew by 3.4 percent in 2014, an expansion of 1.4 percent from 2013.
He said such a growth is better than average growth of 2.9 percent in countries served by the Eastern Caribbean Currency Union (ECCU).
He is predicting growth of up to 5 percent in the new financial year.
“In the context of global realities, I am pleased to register real growth of 3.4 percent in 2014, following a 1.4 percent expansion in 2013,” he stated.
He noted that the growth was the result of strong performances in public administration, education, financial intermediation and wholesale and retail trade.
“Public administration accounted for 9.5 percent of GDP in 2014 with activity in the sector expanding by 10.7 percent compared to 2.2 percent in 2013,” the Prime Minister said. “Growth in 2014 is reflective of public expenditure associated with employment opportunities under the National Employment Program. This program has broadened the work force…”
He said projection for that sector in the new financial year points to a growth rate of 2.8 percent.
In terms of growth in the new financial year, Skerrit said the economy is expected to grow between 2 and 2.5 percent, “but the activities being proposed by government are expected to take us closer to a target of 5 percent.”
The budget is over $525,959,000.
So hurray civil servants!
Some times I wonder if that is Dominica they are talkin about.Am lost for words each time this prime minister opens his mouth
Mr. Skerrit, the only thing that has been growing is your nose, just like Pinochio.
Technically growth should result in some debt reduction, however looks like we are heading to the cliff. Debt is rising faster than growth For a small country like DA the budget seems bloated . Too many ministries for starters. Some should be consolidated . Reduce external borrowing .
Skerrit, tell me which area we had growth in?? I can not think of one! Or maybe I can: CORRUPTION.
well last year was election campaigning year and labour spent millions which they’re going to recuperate this year at a rate of 5% interest on the backs of this people! and there’s your 5% growth!
Prime Minister said. “Growth in 2014 is reflective of public expenditure associated with employment opportunities under the National Employment Program. This program has broadened the work force…” since when does growing the Government equate to “Economic Growth”? plus this program has been running for a few years employing people for 6 months! could someone make a life being employed on this program? and by the way where is the relevant data to back up those claims?
Leadership! Leadership! Leadership! With the great and powerful Supreme Leader, Dr. Roosevelt M. Skerrit, at the helm, all things are possible. There was talk for some time by the United Wicked People in opposition about lack of vision and ideas etc., yet the proof is in the pudding as they say. With significant economic growth last year, the opposition have no choice but to eat their words. They may cast doubt, come up with excuses, find ways to explain without exposing their stupidity or just try to brush it aside as insignificant, however, they still end up with the proverbial pie all over their faces. Yes, whether you like it or not, Labour Ka Twavay!!! The numbers last year indicate that the sound policies and programmes established under the most blessed Dominica Labour Party is indeed the right way forward. I hope that now we will begin seeing a bipartisan approach to nation building instead of the constant bickering and criticism that is done by the United Wicked People.
I must asked one question to the citizens of this dumbinica, are you all believing that we had growth in this country?.
if we had growth, people would not be crying from year to year. we would see more agricultural and manufacturing growth and less minister building houses and buying things on people name.
what a joke , DISPOSABLE INCOME IS A ALL TIME LOW , I AM SURE UNEMPLOYMENT IS AT S ALL TIME LOW. THIS IS WHAT YOU DESCRIBED DOMINICA IS MOVING YEAH WE MOVING ALL RIGHT DOWN WARDS.
YOU HAVE TO TAKE A LOAN TO SERVICE ANOTHER THAT’S WHAT YOU CALL GROWTH THIS IS ARTIFICIAL GROWTH .
WE NEED AN INDEPENDENT BODY TO COME AND ANALYZE SITUATION IN DOMINICA.
at the same time when you start at – 1 , 0 is always progresse
Voodoo Economy, Voodoo Growth……only Skerrit and ministers seeing the growth.
What a lazy Government!!!!!
“Friday morning, Skerrit said the island’s economy grew by 3.4 percent in 2014, an expansion of 1.4 percent from 2013.”
Someone should ask him to explain how many new sustainable jobs he has created over the period, and what amount of revenue was collected from income tax over the same period, he should also explain how much was earned from commodities exported out of Dominica to any foreign market, and explain how much was earned from visiting tourist.
Is it not strange that a country which is on the brink of financial economy has grown by 3.4%, not even the economy of the United States have grown that much for the same period, and that can be verified. George Bush vice president to Reagan once said Regan economics is voodoo economics!
Voodoo, and obeah, are one of the same hence, Skerrit is into obeah economics oui!
Hahahahahahahahahahahahahahahahahahahahah! That man is a trip!
“Is it not strange that a country which is on the brink of financial economy has grown by 3.4%, not ”
Let that read: ‘Is it not strange that a country which is on the brink of financial collapsed, economy has grown that rapidity in such short period of time?’
try not to believe in everything you read in media,you got to much faith in the fall of the labour party,that you think god is as one as you,now he is reproving you ,and setting them in order right before your eyes,try not to slander your brother or mothers own son,now consider this before he totally destroys you,and their be know one to save you,he who offereth praise glorifies god and other his converstion aright will see the salvation of god
this comment is directed @ Francisco talktomuch and many more like him
If that is in response to my submission; I am sorry but I must disappoint you.
My brain is unable to process rubbish, in the first place your god must me a lessor god, than my God Jehovah, the Father of my Lord and savior Jesus Christ!
If there is no intellectual sense to what you are saying it matters not to me, because I will do not understand your elementary rhetoric!
Forreal, people who are as ignorant, and dumb like you cannot have much to talk about, because you do not even understand your own thoughts!
You are a nobody, I can tell you are a nobody, based on your vocabulary, your diction, and the way you write your sentences, clean your ignorant mind before you tackle me. All of my comments are intellectual you see, so know your damn place!
The labor party you are propping up so that it does not fall keep you poor, and make you beg Skerrit for a handout, without his red clinic scum-bags like you would die for hungry!
I do not beg, borrow, envy!
Skerrit a clear sign of growth would be employment creation.Go ask any student doing Principles of Business for CXC. You and your ministers are simply too inept, lazy, dunce and heartless to understand that.
We know very well that some people pocket grew, but the evidencen on the ground, shows
that poverty and are widespread .
we dropping in tourism…..we kick the bucket on agriculture, manufacturing is almost at 0% and we recording growth. Did I miss something in the last few years?
You didn’t miss a thing. It’s more political rhetoric from Skerrit.
It would be nice if all the information and data mentioned in the budget address were made readily available to the public. Merely listening to the address is not enough. We need to digest it and verify the information in it.
Last audit report published on the government website was for year ending June 2010. This is unacceptable. The public is interested in reading this information and seeing how the nation is doing. So please Mr. Director of Audit get with it and publish these long overdue reports.
Mr. PM I am suggesting to you that you make the Gazette as well as the Handsards of the House of Assembly available to the public on the government website. This is the 21st Century and the age of technology, so why is it that this has not been done?
woooooooooooooooooooooy, The economy is the pm’s pocket
only the ministers ,witnessed growth ,
“He is predicting growth of up to 5%” and I am the King of England.
This dictator had nothing new on the table,what growth ,yet the hiv infections continue to rise among the young men,Skerrit you have to answer to the almighty.
You may have thought it funny when you try to insult me days ago; my purpose today is to prove you an idiot! HIV; or Aids might be escalating in the country; nevertheless, I don’t think you or anyone would be making any sense to blame Skerrit for the escalation!
In the first place everybody should know that they can acquire aids through sexual intercourse, therefore man nor woman should have sexual contact with anyone unless they know who they are sleeping with. I doubt that Skerrit selects women with aids and dispatch them to sleep with certain men specifically to give them aids.
That is how dumb you are! I mean I want Skerrit out of the of the way so that someone else can try to change the status quo in the country, we need development, which Skerrit is unable to produce, but to blame the man for the high ratio of aids in the country is total nonsense!
You are an idiot!
Eh beh look it!!!!
Keeping it real! The chicken wings and Back& neck buget. Read my lips, “No New Taxes”. I like it . i really like it.