ST. GEORGE’S, Grenada, CMC – The Grenada authorities income and grants for the primary half of this 12 months declined by EC$112.6 million (One EC greenback=US$0.37 cents) as in comparison with the identical interval final 12 months, in line with knowledge launched by the Ministry of Finance.
Final 12 months, the federal government acquired EC$740.3 million, declining to EC$627.7 million for the primary six months of this 12 months.
A assessment of the info exhibits that in June, there have been important reductions from income collected underneath the class of property tax and non-tax income. One of many non-tax revenues that confirmed a big discount is the Citizenship by Funding (CBI) programme, underneath which international buyers are granted citizenship of Grenada in return for making a considerable funding within the island’s socio-economic improvement.
Based on the official figures, final 12 months, the CBI income was EC$40.5 million, however for June 2025, the quantity was EC$10.5 million.
The June 2025 Fiscal Report mentioned that Present Income for June 2025 was EC$93.8 million, which was EC$1.9 million greater than the 2025 goal and EC$21.4 million lower than the collections for June 2024.
Complete Grants in June 2025 amounted to EC$6.5 million, which was EC$1.9 million greater than the goal and EC$6.1 million greater than the precise in June 2024.
Complete Present Expenditure, excluding Principal Repayments, for June was EC$71.4 million, which was EC$10.2 million lower than the EC$81.6 million focused, and Capital Expenditure in June 2025 was EC$45.3 million, or EC$19.1 million greater than the quantity spent in June 2024 and above the EC$29.6 million month-to-month goal.
The June fiscal report printed on the Ministry of Finance web site additionally exhibits {that a} Major Steadiness (together with Grants) of minus EC$14.8 million was recorded for June 2025, which was $3.7 million lower than the month’s goal and EC$37.1 million lower than the quantity recorded in June 2024. Complete Principal Funds on debt for June 2025 have been EC$2.1 million, whereas Curiosity Funds totalled EC$1.6 million.
“The Major Steadiness, year-to-date, was minus EC$11.7m, which was EC$43.5m greater than focused however EC$230.5 million lower than the quantity recorded for January to June 2024,” mentioned the report, which defined that the Total Steadiness, year-to-date, was minus EC$30.4 million. This, the report mentioned, was “considerably higher than the minus $79 million focused for the interval”.
