The bill is coming in the name of Darshan Ramdhani, the Guyana-born Attorney General of Grenada.
The Grenada government is looking for EC$1.2 billion to finance its operations in 2021.
THE NEW TODAY has seen the figure in a document prepared by Attorney General, Darshan Ramdhani to be taken to Parliament as part of the 2021 budget and is being done in the form of an APPROPRIATION BILL to provide for spending in fiscal year 2021.
One financial observer has described the targeted EC$1.2 billion as very tall order and is predicting that the ruling New National Party (NNP) administration will have to borrow substantial sums of money to meet its financial obligations to the State.
This newspaper reproduces in full the document that bears the name of Guyana-born Ramdhani:
APPROPRIATION (2021) BILL, 2020
EXPLANATORY NOTES
This Bill seeks to make provisions for the appropriation of a sum not exceeding One Billion, Two Hundred and Thirty-two Million, Six Hundred and Seventy Thousand, and Forty-nine dollars ($1,232,670,049.00) to the service of the State of Grenada for the period January 1st to December 31st, 2021.
Darshan Ramdhani
ATTORNEY-GENERAL
APPROPRIATION (2021) BILL, 2020
ARRANGEMENT OF CLAUSES
- Short title
- Appropriation
SCHEDULE
APPROPRIATION (2021) BILL, 2020
GRENADA
ACT NO. OF 2020
AN ACT to appropriate a sum of One Billion, Two Hundred and Thirty-two Million, Six Hundred and Seventy Thousand, and Forty-nine dollars ($1,232,670,049.00) to the service of the State of Grenada for the period January 1st to December 31st, 2021.
BE IT ENACTED by the Queen’s Most Excellent Majesty, by and with the advice and consent of the Senate and the House of Representatives, and by the authority of the same as follows—
Short title
- This Act may be cited as the
2.APPROPRIATION (2021) ACT, 2020.
Appropriation
- (1) There may be issued from the Consolidated Fund and applied to the service of the State of Grenada for the period January 1st to December 31st, 2021, One Billion, Two Hundred and Thirty-two Million, Six Hundred and Seventy Thousand, and Forty-nine dollars ($1,232,670,049.00).
(2) The sum mentioned in subsection (1) is appropriated for the purposes specified in the Schedule.
Passed by the House of Representatives this day of, 2020.
Clerk to the House of Representatives
Passed by the Senate this day of, 2020.
Clerk to the Senate