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Watch Live: 2020/2021 National Budget Totalling EC $942,179,940

by: - July 28, 2020
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Government plans to spend $942,179, 940 dollars in this financial year according to the national budget presented in the House of Assembly this morning.

The Hon Prime Minister and Minister for Finance, Roosevelt Skerrit announced that the island’s economy which was last year projected to grow 5.5%, in fact contracted by 5.8% as a result of the national shut down required by the pandemic.

He says his government has been able to protect Dominica. He also credits the maturity of Dominicans in responding to the circumstances.

From the sum, the Ministry of Finance has been allocated the lion’s share of $245.7 million followed by the ministries of Education and then Health.

The Public Sector Investment Programme through which government funds public projects and initiatives was allocated $427.2 million.

Key interventions planned for this financial year include the establishment of a Vulnerability Risk Fund, a tissue culture facility for Portsmouth, the leasing of the abattoir to the private sector, an increase in the marketing budget of the Tourism Ministry, a $30m loan facility for small businesses, duty and tax-free incentives for manufacturing and tourism players, a marina for Portsmouth, water project upgrades and commencements, road projects for the east, the north, the south, another section of river wall and the rebuilding of the Layou Bridge.