Published On: Fri, Jan 24th, 2014

In 2013 100 million for economy

de palmWILLEMSTAD - The government has invested around 100 million into the local economy in 2013, as Minister of Economic Development, Stanley Palm declared. These are projects that are in progress. According to the minister, more than half of the amount has been paid to various suppliers on the island already.

Palm acknowledged that the local economy needs this investment, but has also suggested that the semi -private sector and the private sector invest with the same determination as the government.

In 2014, the government will continue to invest to put a halt to the negative developments in the economy. This involves an investment of 240 million, which will be used for the refurbishment of several government buildings and schools, preparations to establish a central building for the civil service and maintenance of sports facilities.

The investment is intended to include improving street lighting, maintenance of beaches, construction of the clinic and new hospital, housing and investments in the judiciary system.

The minister expects, based on his plans and investment from the private sector that the economy will grow by 0.5 percent in 2014.

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