Grenada government presents billion dollar budget

Prime Minister of Grenada Dr Keith Mitchell

Prime Minister Dr. Keith Mitchell Wednesday presented an EC$1.134 billion budget to Parliament saying the fiscal package is intended to give Grenadians hope and confidence.

He announced a reduction in personal income tax, corporation taxes and an increase in ex-gratia payment to Grenadians.

“We have to be optimistic about our future, because we cannot build a country on pessimism. Let us approach our future with confidence; the confidence that emanates from the acceptance of our collective ability to overcome difficulties; the confidence that emanates from the economic growth being experienced after years of shared sacrifices,” Mitchell told legislators.

He said that the Recurrent Revenue is estimated at EC$780.4 million, while…

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