Wednesday, 30 July 2014

Budget retreat for senior Government staff and ministers


Government last week Wednesday began the process of preparing the 2015 Budget with a retreat for senior ministry officials who will scrutinise the 2014 Budget as they engage in grading and achievement exercise.

“This is where all Ministries meet with Finance to discuss the Budget for the upcoming year. It is a closed session, but we are opening up the opening session, where the Finance Minister usually sets the tone of the discussions,” said one Finance Minister official.

Senior ministry representatives include ministers of Government and the Cabinet; permanent secretaries; and planning and administrative staff.

“We did that about two or so years ago when it was held at the Stadium. Essentially, only the Minister of Finance speaks in the opening session and the rest of the time is spent updating on the performance of the current Budget,” it was further explained.

The venue for the retreat is the Grenada Trade Centre. The 2015 Budget is expected to be presented
during the month of December 2014. Following the retreat with the top ministry officials, it is expected that there will be more monitoring and evaluation sessions as well as a National Consultation with all the stakeholders.

Before a budget is presented in the Lower House of Parliament, it must get the approval of the Finance Committee – a committee which includes both the opposition Members of Parliament led by the Leader of the Opposition and Member of Parliament for the ruling administration.

Though Grenada doesn’t have a formal Opposition, all elected MPs continue to meet as a Finance Committee because three of the elected MPs are not Government Ministers.

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