December 9, 2020
In the Budget Address, Prime Minister of Dominica Roosevelt Skerrit and Minister for Finance announced to the people of Dominica finalizing a draft Procurement Bill for Publication in which he promised that the Government would encourage Fiscal development Rules that would allow the country to better weather economic shocks; and we would publish the Debt Portfolio Review.
PM stated that the “Today I am happy to report that the Cabinet of Dominica has made significant progress in advancing these measures which are critical to the development of a Dynamic, economic resilient Dominica.”
He added that the Government had approved the Development of a Fiscal Rules and Responsibility Framework which will establish parameters that allow us to build fiscal resilience—note that from October 2020 we have been making contributions to Government Vulnerability Risk and Resilience Fund at the East Caribbean Central Bank; in the amount of EC$500,000.00 per month.
Prime Minister Roosevelt Skerrit noted that his Cabinet approved of the publication of a new draft Public Procurement and Disposal of Public Property Bill. The Bill will be made available to the general public by December 16, 2020, for review and feedback.
PM also stated in the press brief that Debt Portfolio Review, which will be laid in Parliament next Wednesday, December 16, 2020.
PM also said that Government’s continued commitment to fiscal prudence and ensuring that our country Dominica, can better withstand external shocks and natural disasters.
In the end, Skerrit stated that the Government would continue its efforts at ensuring the sustainable development of Dominica. We recognize that events such as natural disasters, the impact of global crises and the likes will continue to occur. We have no control over these.
Dominica government continues to do to prepare for the inevitable by building resilience in our systems, including our public finance management system. These will result in a more prosperous Dominica.