St. Vincent and the Grenadines Government Unveils 2025 Budget
The St. Vincent and the Grenadines government has announced its 2025 budget, which will be implemented without raising taxes or fees. The budget totals EC$1.85 billion, with a focus on recovery and development.
Finance Minister Camillo Gonsalves presented the budget to Parliament, highlighting the government’s achievements in 2024 and its plans for 2025. He emphasized the resilience of the Vincentian people and the government’s commitment to making difficult decisions in their interest.
Recovery and Development
The 2025 budget prioritizes disaster response, with EC$127 million allocated for recovery and reconstruction efforts for those affected by Hurricane Beryl. The government will also complete the EC$668 million modern Kingstown cargo port and construct over 1,000 homes for those affected by the hurricane.
Additionally, the government will distribute EC$30 million in social assistance and income support to farmers, fishers, small businesses, and vulnerable individuals. The government will also complete the Barrouallie Black Fish Processing Centre and advance construction on the modern arrowroot factory.
Infrastructure Development
The budget includes significant investments in infrastructure, including the construction of over 70 stretches of road with a budgetary allocation of over EC$125 million. The government will also advance construction of the Arnos Vale Acute Care Hospital and begin construction of the Marriott Resort at Mt Wynne.
Social Development
The government will launch several social initiatives, including a national orchestra, GYVE, a youth volunteerism initiative, and a dedicated program to provide free transportation services to people with disabilities. The government will also pilot a mathematics support program and provide 2,600 laptops to community college and secondary school students.
Economic Development
The budget includes measures to promote economic growth, including the launch of a fast fund to support Olympic athletes and the construction of cultural, educational, wellness, and production hubs in various parts of the country.
Conclusion
The 2025 budget is a significant step forward for St. Vincent and the Grenadines, with a focus on recovery, development, and growth. The government’s commitment to making difficult decisions and its confidence in the resilience of the Vincentian people will help drive the country’s progress in the years to come.
FAQs
- How much is the 2025 budget for St. Vincent and the Grenadines?
The 2025 budget totals EC$1.85 billion. - What is the focus of the 2025 budget?
The budget prioritizes disaster response and recovery, as well as development and growth. - What are some of the key initiatives in the 2025 budget?
The budget includes the construction of over 1,000 homes for those affected by Hurricane Beryl, the completion of the modern Kingstown cargo port, and the launch of several social initiatives, including a national orchestra and a youth volunteerism initiative.