ST. GEORGE’S, Grenada – The Grenada government revenue and grants for the first half of this year, declined by EC$112.6 million 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 the month of June there were significant reductions from revenue collected under the category property tax and non-tax revenue. One of the non-tax revenue which showed 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 the month of 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 the month of 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 was EC$2.1 million, while Interest Payments totaled 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”.
