Prime Minister Dr. Ralph Gonsalves says the Estimates of Revenue and Expenditure for 2016 and the Appropriation Bill, otherwise known as the annual Budget will be grounded in prudence and enterprise.

In his first national address for 2016, Dr. Gonsalves said the government intends to present the Estimates before the end of January and sometime thereafter, within the prescribed legal timeframe, the Appropriation Bill, will be passed by Parliament.

He said it is necessary and desirable that we be prudent in our spending, manage efficaciously our fiscal deficit and public debt, secure further financial stability, reduce poverty and hunger, and further improve public administration and good governance.

The Prime Minister said that centrally, in 2016, efforts must be directed primarily to growing the economy and ensuring the creation of more jobs for people.

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