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| St. Kitts and Nevis National Assembly |
BASSETERRE, ST. KITTS, DECEMBER 5TH 2005 - Next week Tuesday 13th December is Budget Day in the Federation of St. Kitts and Nevis.
Prime Minister and Minister of Finance, the Hon. Dr. Denzil L. Douglas will lay on the Table, the Report of the Director of Audit on the Accounts for 2004 and the Draft Estimates for 2006, before introducing the Appropriation Act, 2006 which provides for the services of St. Kitts & Nevis for the financial year 1st January 2006 to 31st December 2006.
Following the second reading of the Appropriation Act 2006, Prime Minister Douglas will present his 12th Budget Address in his capacity as Minister of Finance.
Dr. Douglas will review the international, region and national economic developments and give an insight into his St. Kitts-Nevis Labour Government's expectation for the tourism, agricultural, non-agricultural, industrial development and financial sectors.
He will also provide information on the allocations for the various ministries, review the outcome of the previous financial year and give a fiscal prospect for 2006.
Prime Minister Douglas hosted a national consultation ahead of the Budget, aimed at forging a balance strategy in building a 21st century economy.
Some 150 delegates drawn from the private sector, community groups, sports organisations, small businesses, public corporations, political parties and trade unions attended the one-day exercise at the St. Kitts Marriott Resort.
The consultation on the economy which is in keeping with the policy of the Denzil Douglas Labour Party Administration to discuss matters of national importance, is geared towards facilitating a comprehensive consultative process between the private sector, civil society and the public sector for sharing perspectives and recommendations on the economy prior to the presentation of the annual Budget Session of the National Assembly.
