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| St. Kitts and Nevis' Prime Minister Hon. Dr. Denzil L. Douglas in the National Assembly (photo by Erasmus Williams) |
BASSETERRE, ST. KITTS, DECEMBER 6TH 2006 (CUOPM) Next week Tuesday 12th 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 2005 and the Draft Estimates for 2007, before introducing the Appropriation Act, 2007 which provides for the services of St. Kitts & Nevis for the financial year 1st January 2007 to 31st December 2007.
Following the second reading of the Appropriation Act 2007, Prime Minister Douglas will present the 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 Governments expectations for the tourism, agricultural, non-agricultural, industrial development, information and technology, financial and other sectors.
He will also provide information on the budgetary allocations for the various ministries, review the outcome of the previous financial year and give a fiscal prospect for 2007.
In keeping with his policy of good governance and transparency, Prime Minister Douglas hosted a ~~Adz:Right~~ national consultation ahead of the Budget, aimed at forging a balance strategy in building a 21st century economy.
Over 200 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.
