ST. GEORGE’S, Grenada, CMC – Grenada recorded more grants than had been calculated and published for the first six months of this year, a senior public service official has confirmed.
Permanent Secretary in the Ministry of Finance, Mike Sylvester, told reporters that some of the grants received by the government were inadvertently not calculated when the fiscal reports were published.
“There is a revision to January in particular and some of the other months to incorporate some grants that we received that were inadvertently not counted. So, we got, for example, the grant from Saudi Arabia that came in in January,” he said.
“Those amounts were not calculated as part of the current grant, and of course, the UKCIF (United Kingdom Caribbean Infrastructure Partnership Fund) project that has been ongoing; those amounts were not calculated as part of the figures, so we are going to issue some revisions to the fiscal summary,” he said, as two other examples.
A review of fiscal reports for the first six months of the year shows that the Grenadian government received EC$19.5 million (One EC dollar equals 0.37 cents), but the targeted amount was EC$29.7 million.
The breakdown shows that the amount received 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 received for May and June were EC$4.5 million and EC$6.5 million, respectively.
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