In the management of the economy, there are expected outcomes, foremost of which is the development and transformation of the economy. In the pursuit of fiscal policy, some critical variables are targeted, namely, economic growth and the fair distribution of the associated income, inflation, unemployment, and poverty. While targeting these macro-economic variables, a transformative agenda […]
As outlined in Budget Alert 3.4, there is an increasing dependence on non-tax sources of revenue to finance government operations. The substantial increase in non-tax revenue, estimated at $311M for 2023, is mainly associated with the inflows from the Citizenship by Investment programme, accounting for $243M or 78 percent of the non-tax revenue. The other […]
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 […]
