Grenada Budget 2020 came into effect as of Tuesday November 26th, 2019
Grenada’s fiscal position continues to be strong, with an expected primary surplus after grants of 6.8% of GDP, at the end of 2019. This performance is anchored in adherence to the Fiscal Responsibility Act and backed by continuous reforms in both the Inland Revenue Department and the Customs & Excise Division. By the end of 2019, the following results relative to the Approved Budget are expected:
Current Revenues of $782.1 million, compared to the target of $780.4 million. Grants expended of $98.1million, compared to $183.7 million received. Current Expenditure of $614.7 million, compared to the target of $637.8 million. Capital Expenditure of $100.5 million, compared to the target of $196.4 million. The Customs & Excise Division collections are expected to be within target.
Source: Government of Grenada.