Anticipated fallout after Hurricane Beryl which triggered Escape Clause did not materialise 5 May 2025 Projected deterioration in the fiscal balances did not materialise, attributable mainly to higher receipts from the IMA and proceeds from ...
GPWU will not accept 4% increases under 2026 collective agreement 2 May 2025 Over the past negotiating cycles, the government has paid an average of 4% increase per annum to unionised public sector ...
Government will borrow over EC$700 million to finance 2025 budget 12 February 2025 The Government of Grenada will be looking to borrow over EC$700 million to finance the 2025 budget which will be ...
FROC meets with Honourable Leo Cato 18 December 2024 “The Honourable Leo Cato assured the FROC of the support for its work, particularly in fulfilling the legislative mandates which ...
Government revenue for July 2024 surpassed by EC$38 million 21 October 2024 According to the July 2024 fiscal report published on the Finance Ministry website, Current Revenue for July 2024 was $141.5 ...
Finance Minister signs order triggering FRA suspension clause 10 September 2024 The Fiscal Resilience (Suspension of the Public Debt Target and Primary Balance Rule) Order signed by Finance Minister Dennis Cornwall ...
17% increase in Government expenditure because of Hurricane Beryl 26 August 2024 The surge in expenditure is largely attributable to a substantial 44.9% increase in capital expenditure over the budgeted amount, reflecting ...
Government delays triggering Fiscal Resilience Act escape clause 7 August 2024 Government will delay triggering the escape clause of the Fiscal Resilience Act, and instead will utilise measures to assist in ...
Revenue for first half of 2024 surpasses target 26 July 2024 Government’s Revenue and grants for the first 6 months of 2024 of EC$737.4 million surpassed the targeted amount by EC$41.2 ...
Government to trigger FRA escape clause following Hurricane Beryl 17 July 2024 Triggering the escape clause gives Government the flexibility to incur debt for recovery efforts if needed