by Linda Straker
- Total Revenues and Grants targeted for January to May 2025 were EC$525.2 million
- Actual amount received was EC$527.3 million
- May 2025: Total Grants $4.5 million; Current Revenue $106.2 million
Despite earning more than the targeted amount anticipated, Government’s revenue for January to May 2025 is reduced when compared to the same period for 2024, according to the latest data release by the Ministry of Finance.
Total Revenues and Grants targeted for January to May 2025 were EC$525.2 million. The actual amount received, EC$527.3 million, was EC$97.3 million less than the EC$624.6 million collected in 2024. “Current Revenue for May 2025 was $106.2 million, which was $15.8 million more than the 2025 target and $13.7 million less than the collections for May 2024,” said the May 2025 fiscal report. A review of the May 2024 fiscal report said “Current Revenue for May 2024 was $119.9 million, which was $16.1 million more than the 2024 target and $13.3 million more than the collections for May 2023.
According to the Fiscal Summary, Total Grants in May 2025 amounted to $4.5 million which was $0.8 million less than the target and $4 million more than the actual in May 2024, while total Current Expenditure, excluding Principal Repayments for May was $80.9 million, which was $7.6 million less than the $88.5 million targeted.
In the area of Capital Expenditure, in May 2025, it was $34.5 million, $10 million more than the amount spent in May 2024, but marginally below the $35.5 million monthly target for the year, said the fiscal report, which is available on the Ministry of Finance website.
The overview of the report said that in May 2025, current revenue collections exceeded projections, mainly due to performance in taxes on International Transactions and IMA revenues. “However, lower-than-expected grant inflows were realised. Current expenditures were kept below target levels, while capital spending fell slightly short of projections,” the fiscal report overview.
Describing Grenada’s fiscal performance from January to May 2025 as generally in line with targets, the report said that for May 2025, the primary and overall deficits were recorded at -$1.7 million and -$4.7 million, respectively, exceeding the monthly targets. “Cumulatively, for the January to May 2025 period, both the primary and overall balances remained well within the established targets,” said the report which shows that A Primary Balance (including Grants) of -$1.7 million was recorded for May 2025, which was $20.9 million less than the month’s target and $32.2 million less than the amount recorded in May 2024.
