The ultimate role of government is to improve the welfare of the population. In doing so, the Government, through the use of fiscal policy, provides public goods and services; contributes to the achievement of growth; stabilizes the economy to avoid sharp declines in the Gross Domestic Product (GDP) and facilitates the fair distribution of national […]
By: Laurel Theresa Bain As outlined in previous Budget Alert articles, fiscal policy is the main instrument for managing Grenada’s economy, and, in general, the economies of the Eastern Caribbean Currency Union (ECCU). The constraints of applying monetary policy in the ECCU were outlined in Budget Alert 3.2: Policy Options for Managing the Economy. This […]
By Laurel Theresa Bain The focus of the 2023 national budget on the six priority areas, and the emphasis on the development of linkages which, if successfully implemented, should increase value added in the domestic economy and provide a path to transforming the economy. The transformation of an economy would take time, but the economic […]
Presented By Honourable Dickon Mitchell, Minister for Finance Mr. Speaker, as I rise to deliver my maiden Budget to this Honourable House, I wish to thank the Almighty God for his mercies and grace. Indeed, we have much to be thankful for. I am extremely grateful to the citizens of Grenada, Carriacou and Petite Martinique […]
The Government of Grenada has commenced preparations for the National Budget for the fiscal year 2023, which will be presented at Parliament Building, Mt. Wheldale, later this year. A series of sectoral consultations and public town hall meetings has begun under the theme “your budget, your voice matters”. To ensure maximum participation, the Ministry of […]
13 December 2021, ST. GEORGE’S: On Monday 13 December 2021, during the debate on the Budget, Senator the Honourable Roderick St. Clair will be highlighting the challenges facing our fisherfolks, farmers and agro-processors, and whether the Budget brings support to overcome the challenges to improve their lives and the economy. Senator St. Clair will pose […]
By Laurel Theresa Bain The National Budget for 2022 would contribute to economic growth mainly through the provisions for increased expenditure. Rightfully so, as during a recession, the objective of fiscal policy is to resuscitate economic activity. This is achieved through reduction in taxes or/and increased expenditure. The accompanying higher disposable income is expected to […]
December 2, 2021 – Prime Minister, Dr. the Right Honourable Keith Mitchell is confident that Grenada’s 2022 Budget will bring significant relief to a wide crosssection of the population. In presenting the budgetary measures last Friday, Finance Minister, Honourable Gregory Bowen outlined key initiatives including the lowering of electricity costs for domestic usage of up […]
St. George’s, Grenada – August 20th, 2021: Preparation for the 2022 National Budget has moved into gear with the launch of the annual Budget Consultation process. This is an integral component of the annual budget cycle, which seeks to engage social partners and other stakeholders to help shape the National Budget. This year, the Ministry […]
