ST. GEORGE’S, Grenada, CMC – Grenada recorded extra grants than had been calculated and printed for the primary six months of this yr, a senior public service official has confirmed.
Everlasting Secretary within the Ministry of Finance, Mike Sylvester, informed reporters that a few of the grants obtained by the federal government have been inadvertently not calculated when the fiscal reviews have been printed.
“There’s a revision to January particularly and a few of the different months to include some grants that we obtained that have been inadvertently not counted. So, we obtained, for instance, the grant from Saudi Arabia that got here in in January,” he stated.
“These quantities weren’t calculated as half of the present grant, and naturally, the UKCIF (United Kingdom Caribbean Infrastructure Partnership Fund) venture that has been ongoing; these quantities weren’t calculated as a part of the figures, so we’re going to subject some revisions to the fiscal abstract,” he stated, as two different examples.
A evaluation of fiscal reviews for the primary six months of the yr exhibits that the Grenadian authorities obtained EC$19.5 million (One EC greenback equals 0.37 cents), however the focused quantity was EC$29.7 million.
The breakdown exhibits that the quantity obtained in January was EC$0.7 million, EC$3.8 million in February, EC$0.7 million in March, and EC$3.3 million in April. The funds obtained for Could and June have been EC$4.5 million and EC$6.5 million, respectively.
