GRENADA BUDGET PRESENTATION 2020
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.