Prime Minister Dr. Ralph Gonsalves. (IWN file photo)
Prime Minister Dr. Ralph Gonsalves. (IWN file photo)

Prime Minister and Minister of Finance, Dr. Ralph Gonsalves, will present in Parliament today — Tuesday — Estimates of Revenue and Expenditure for 2014, amounting to EC$911.6 million.

Recurrent spending amounts to EC$548.7 million and debt amortisation will be EC$105.7 million.

Capital spending totals EC$257.1 million, he said, adding that the bulk of the spending will be on economic affairs.

Gonsalves said that his government will announce a “very interesting” initiative, called the Support for Education and Training Programme”.

The programme will be allocated EC$1.5 million to employ about 80 Community College and university graduates for about a year.

The Budget will be presented on Jan. 20, 2014.

The ruling Unity Labour Party, which Gonsalves heads, said it in weekly newspaper column on Friday that Gonsalves will announce “special strategies targeting farmers in the state.

“A figure of EC$6 million will be available under this drive, to be accompanied by another EC$3 million which will be spent on critical feeder roads in the State,” the party said.

One reply on “PM to present Estimates of EC$911.6 million”

  1. His estimates mean very little in the scheme of things except to fool the ignorant. There is no way that we will acquire the amount of close to a billion dollars to spend, he knows that, we know that, so why.

    Giving estimates and then being unable to complete projects or mend holes in the roads or maintain our infrastructure only magnifies the fact that we are bankrupt.

    I for one am sick and tired of these small Caribbean countries being run by fiscal dunces. But as Fidel Castro once said “the capitalists know how to make money, we the Marxists know how to spend it for them”

    There are traders in Kingstown owed about $60 million dollars for years and still waiting.

    There are people that had their land taken for the Argyle airport, still waiting after its due date several years ago.

    They took a mans house in Georgetown to pull down to make a carpark for the new police station, he is still waiting after two years for his $250,000 that he kindly reduced at the time by $40,000 to help the purse, nothing, not a red cent.

    There are numerous people in the country who will not give the government goods without cash up front. Why, because they are a bad credit risk, they are known not to pay, big or small amounts, they do not pay.

    Yet still there are business’s that get paid, they are companies in which someone in government has a financial interest, they make sure they get paid.

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