Premier and Minister of Finance and Economic Management, the Honourable Joseph E. Farrell today presented an EC227.68 million dollar budget for the 2020/21 financial year. COVID 19 Causes Nearly $22M Deficit.
Small or micro businesses on Montserrat facing financial difficulties due to COVID19 measures, can now apply for a direct one-off cash grant, up to a maximum of ten thousand EC dollars ($10,000).
The business impact assessment conducted by the Trade and Quality Infrastructure Division, Office of the Premier has found that 3.6 million dollars in economic disruptions has occurred due to the COVID-19 pandemic, among other findings.
As part of the Government of Montserrat’s COVID-19 stimulus package, eligible businesses in the tourism sector who qualify can apply and receive a cash grant of no more than ten thousand dollars (EC$10,000.00).
The Government of Montserrat has received written confirmation from the Department for International Development (DFID) that £2.5m will be added to Montserrat’s 2020/21 Financial Aid allocation, to fund the island’s immediate response to COVID-19 following a detailed request and submission by the Ministry of Finance to DFID.
The Government of Montserrat through the Ministry of Finance and Economic Management (MOFEM), is now accepting applications for financial assistance from individuals and businesses in the tourism sector, as part of the fiscal stimulus package announced on Wednesday April 1, in response to COVID-19.
The Government of Montserrat today announced a broad and bold package of financial support and other incentives for those impacted by the coronavirus (COVID-19) outbreak.
Citizens, residents and friends of Montserrat! The month of March was not an easy one for the people of this beloved island. During the month an abrupt ending was brought to the annual St. Patrick’s celebration, as the coronavirus pandemic graced us with its presence.
The Trade and Quality Infrastructure Division, in the Office of the Premier is conducting a COVID-19 impact assessment on businesses in the private sector, to inform the Government of Montserrat’s policies to address the effects on the business community.
Entertainers performing during the 2020 St. Patrick’s season, from March 1 to March 31, will not be required to pay income tax. The decision was taken on March 5th, 2020 by the Governor, acting on the advice of the Cabinet.