One of the top ten developmental areas for special focus in 2017 is investment and productivity.
Prime Minister and Minister of Finance, Hon. Dr Ralph Gonsalves made this announcement in his budget address on Monday, 6th February 2017.
According to Dr Gonsalves, the 2017 “Estimates of the central government is budgeted at EC $229.6 million”. This budgeted amount is for several major economic public sector investment projects in 2017.
These projects include: “Health and Wellness ($16 million), most of which is earmarked for the 10th EDF Modernisation of the Health Sector ($8.5 million), for the Modern Medical Complex, and a temporary facility for the Lewis Punnett Home; Capitalisation of the Contingencies Fund ($6.7 million); Climate Change and Natural Disaster Reduction Initiatives ($22 million) through the RDVRP; Caribbean Regional Communication Programme (CARCIP) ($5 million); Port Development Project ($2 million); Geothermal Project ($8 million); BNTF ($6 million); Transport and Works ($64 million) particularly roads and natural disaster reconstruction; Housing and Lands ($16.4 million); and last, but not least, $7.7 million for various projects in Education”.
The Minister of Finance described the investments in 2017 as substantial. Dr. Gonsalves added that “the investment monies, public and private, in the aggregate, are projected to be over $500 million in 2017.”