Grenada’s Ministry of Finance has reported a major income shortfall of over EC$90 million for the primary 4 months of 2025, in comparison with the identical interval final 12 months — a decline largely attributed to decreased inflows from the Citizenship by Funding (CBI) programme.
In accordance with figures launched within the ministry’s April 2025 fiscal report, authorities income stood at EC$412.2 million between January and April, in comparison with EC$505 million collected throughout the identical interval in 2024.
Probably the most pronounced dip got here from the CBI programme, which earned the federal government EC$69.4 million to date this 12 months, a steep drop from EC$160.9 million recorded within the corresponding interval final 12 months — marking a decline of EC$91.5 million. Regardless of the plunge, the CBI earnings exceeded the Ministry’s personal projection of EC$61.7 million for the interval.
As of January 2023, the Ministry started classifying all CBI inflows as non-tax revenues. These have been beforehand categorized as grants, which partly explains the notable impression on the non-tax income class this 12 months. “Present income collections fell wanting projections, primarily because of a decline in non-tax miscellaneous revenues,” the report acknowledged.
Different income streams confirmed extra stability. Customs and Excise collections reached EC$156.7 million, exceeding each the projected EC$151.9 million and the EC$149.2 million collected within the first 4 months of 2024. The Inland Income Division (IRD) introduced in EC$169.3 million, barely down from EC$171.7 million over the identical timeframe final 12 months.
Regardless of recording general and first deficits of -EC$25.6 million and -EC$21.8 million respectively in April alone — each surpassing the ministry’s month-to-month targets — the fiscal report maintained that for the January to April interval, Grenada’s fiscal place “remained properly inside the established targets.”
The complete report is obtainable on the official web site of Grenada’s Ministry of Finance.
