Economics

Government Finances and the Economy

Government Finances and the Economy

Based on
the analysis of the fiscal reports for the months of January, February and
March, Government finances were favorable during the first quarter of 2022.
This was influenced by the receipt of a ‘one off payment in the form of
dividends’ of $17.5M, budgetary support in the form of grants of $81M and
increases in tax revenue; combined with less than planned current or
operational expenditure. Capital spending was higher than planned, but the
government achieved an overall surplus.    

Inflation: Causes and Consequences: Part 1

Inflation: Causes and Consequences: Part 1

.Budget Alert is a series of periodic articles on issues relating to the preparation, approval, implementation, and oversight and accountability of national budgets with particular reference to Grenada.

 This article focusses on the concept of inflation, explaining how the rate of inflation is determined with reference to Grenada’s rate of inflation for 2021. It also highlights the need for updated information so that the inflation rate is more aligned with price developments and the cost of living.


Payment of Pension and Gratuity to Public officers

Budget Alert 2.6- Payment of Pension and Gratuity to Public Officers

.Budget Alert is a series of periodic articles on issues relating to the preparation, approval, implementation, and oversight and accountability of national budgets with particular reference to Grenada.

It outlines the two types of public liabilities created by the Court ruling and put forward a recommended approach to settling the liabilities. It highlights the need for the increased Government expenditure and household incomes to be guided into investments that would transform the economy.

Inflation: Causes and Consequences – Part 2

Budget Alert 2.5- Inflation- Causes and Consequences- Part 2

.Budget Alert is a series of periodic articles on issues relating to the preparation, approval, implementation, and oversight and accountability of national budgets with particular reference to Grenada. This article outlines the causes of inflation, the impact of inflation, and provides some policy recommendations for mitigating the impact of inflation.