Dominica’s Government is decreasing debts and saving for a rainy day, under the recently established Fiscal Rules and Responsibility Framework.
Speaking on Anou Palay on Sunday, Financial Secretary Denise Edwards expounded on the benefits of the Framework for Dominica.
It was approved by Cabinet in recent months, and is part of Government’s thrust toward Financial Resilience.
According to Edwards, the framework curtails Government’s spending, to decrease debt.
Edwards says as part of the Framework, Dominica has set up savings at the Eastern Caribbean Central Bank under the Vulnerable Risk and Resilience Fund.
By trimming debt and increasing savings during good financial years, Government hopes to better weather years of crisis.
Financial Secretary, Denise Edwards