We Mix Business with Pleasure.

ST. GEORGE’S, Grenada, Wednesday March 20, 2013 – The newly  elected Grenada government of Prime Minister Dr. Keith Mitchell will present a “holding budget” to Parliament next month.

Economic Development Minister Oliver Joseph said that the Estimates of  Revenues and Expenditure for 2013 are expected to be presented in mid April and  that public consultations will be held with sectoral groups as part of the  preparation for the fiscal package.

He described the presentation of the estimates “as a holding budget to cover  until December” given the fact that four months in the year have already  passed.

Under the Grenada Constitution a new budget must be presented before April 30  each year.

Speaking to reporters following the weekly Cabinet meeting, Joseph said that  the new government which came to power on February 19 has already started work  on developing a new economy for the island.

Joseph said the government is reviewing a number of options to tackle the  country’s financial problems.

He said the Keith Mitchell administration had already srated making  appointments to state boards.

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