ROSEAU, Dominica, Aug 4, CMC – The Dominica government Tuesday presented an EC$1.15 billion (One EC dollar=US$0.37 cents) national budget to Parliament reducing or removing several tax measures which it said would cost the Treasury an estimated EC$43.5 million annually.
“This Budget has been prepared in that spirit, not fear, but foresight; not retreat, but readiness; not surrender to uncertainty, but a decision to give Dominican households, workers and businesses greater control over their future,” Finance Minister Dr. Irving McIntyre, said in his more than two hour delivery of the fiscal package.
“This budget is a covenant. A covenant between this government and the people of Dominica. A promise that even in a world of rising costs, climate shocks and global uncertainty, we will not waver in our duty to protect, to invest and to build,” he added.
The budget debate begins on Thursday.
(Details in Business section)