ROSEAU, Dominica, Jul 25, CMC – The Dominica government Friday presented an EC$1.33 billion (One EC dollar=US$0.37cents) budget to Parliament, indicating that it will finance the fiscal package through a combination of government’s revenue, loans and grants.
Finance Minister Dr. Irving McIntyre told legislators that the recurrent revenue is EC$1.1 billion, with capital revenue set at EC$5.2 million and grants equivalent to EC$117,7 million and loans at EC$88.8 million.
He said that the loans have already been approved by Parliament and together with the grants are all earmarked for capital projects. He said the other capital projects along with the recurrent expenditure will be financed by the EC$1,103.7 million recurrent revenue estimates.
In a near three hour presentation, McIntyre told legislators that the recurrent revenue estimates comprise tax revenues of EC$443.9 million, EC$635.0 million from the Citizenship by Investment (CBI) programme, and other recurrent revenues, such as fees and licences totaling EC$24.8.
He said of the amount of EC$443.9 million in tax revenues, the government anticipates that a total of EC$46 million will be collected in respect of arrears of payments to government for taxes, licenses, lands and hospital fees.
“Let me at this point commend the staff of the Inland Revenue, the police officers and the staff of the Ministry of Housing for their extraordinary efforts with regards to arrears collection during last Fiscal Year.
(Details in Business section)
CMC/2025