Expect Exciting Things in 2020/21 Budget to Be Presented On July 28 – Skerrit

PM Roosevelt Skerrit has asked Dominicans to expect exciting things in the 2020/2021 national budget which will be presented on Tuesday, July 28, 2020. He said the budget will address global situations such as the COVID-19 pandemic and economic empowerment for small businesses in Dominica.

He noted that the budget takes cognizance of the effects of coronavirus pandemic and how it has impacted the economic fortunes of Dominica as a result of border closures and business lockdowns.

“Budget day 2020 is set for July 28th 2020,” Skerrit announced, adding that the budget addressed numerous economic opportunities despite the challenges of the pandemic.

The prime minister made it clear that the budget serves a 12-month economic plan, and that it will be implemented to the minutest details. He said part of the budget will take care of a three-year $30 million fund which will be administered by AID Bank for the growth of small businesses. The loan will be accessed by small businesses at an interest of 1%.

We are going to be launching a three-year programme of financing to small businesses. That will also include the passage of legislation to create the legal framework for the operations of small businesses where concessions are concerned, physical incentives are concerned and recognition to the small business sector in our country.

Hon. Roosevelt Skerrit: Prime Minister of Dominica

When small and medium-scale businesses are empowered, the economy gets a boost from the abundance of jobs created, the prime minister revealed.

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