ST. GEORGE’S, Grenada, CMC – The Grenada government revenue and grants for the first half of this year declined by EC$112.6 million (One EC dollar=US$0.37 cents) as compared to the same period last year, according to data released by the Ministry of Finance.
Last year, the government received EC$740.3 million, declining to EC$627.7 million for the first six months of this year.
A review of the data shows that during June, there were significant reductions from revenue collected under the category of property tax and non-tax revenue. One of the non-tax revenues that showed a significant reduction is the Citizenship by Investment (CBI) programme, under which foreign investors are granted citizenship of Grenada in return for making a substantial investment in the island’s socio-economic development.
According to the official figures, last year, the CBI revenue was EC$40.5 million, but for June 2025, the amount was EC$10.5 million.
The June 2025 Fiscal Report said that Current Revenue for June 2025 was EC$93.8 million, which was EC$1.9 million more than the 2025 target and EC$21.4 million less than the collections for June 2024.
Total Grants in June 2025 amounted to EC$6.5 million, which was EC$1.9 million more than the target and EC$6.1 million more than the actual in June 2024.
Total Current Expenditure, excluding Principal Repayments, for June was EC$71.4 million, which was EC$10.2 million less than the EC$81.6 million targeted, and Capital Expenditure in June 2025 was EC$45.3 million, or EC$19.1 million more than the amount spent in June 2024 and above the EC$29.6 million monthly target.
The June fiscal report published on the Ministry of Finance website also shows that a Primary Balance (including Grants) of minus EC$14.8 million was recorded for June 2025, which was $3.7 million less than the month’s target and EC$37.1 million less than the amount recorded in June 2024. Total Principal Payments on debt for June 2025 were EC$2.1 million, while Interest Payments totalled EC$1.6 million.
“The Primary Balance, year-to-date, was minus EC$11.7m, which was EC$43.5m more than targeted but EC$230.5 million less than the amount recorded for January to June 2024,” said the report, which explained that the Overall Balance, year-to-date, was minus EC$30.4 million. This, the report said, was “significantly better than the minus $79 million targeted for the period”.
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