Ministry of Finance

Grenada

  • SWEETENED BEVERAGES TAX

    SWEETENED BEVERAGES TAX

    To view Value Added Tax (Amendment) (No. 2) SRO. 12 Regulations ... click here

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  • TAXES ON ALCOHOL AND CIGARETTES

    TAXES ON ALCOHOL AND CIGARETTES

    Government acknowledges the impact of tobacco use on citizens’ health and has therefore increased the excise tax on cigarettes to reduce consumption.

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  • ENVIRONMENTAL LEVY (EVL) ON WATER USE

    ENVIRONMENTAL LEVY (EVL) ON WATER USE

    That the EVL collected on Electricity and Water goes directly to the Grenada Solid Waste Management Authority (GSWMA) to support their efforts to keep our environment clean and safe.

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  • ELECTRICITY SUBSIDY FOR HOUSEHOLDS AND OTHER RELIEF MEASURES TO LOWER ENERGY COSTS

    ELECTRICITY SUBSIDY FOR HOUSEHOLDS AND OTHER RELIEF MEASURES TO LOWER ENERGY COSTS

    The Government slashed the VAT rate on electricity consumption from 15% to 7.5% for all categories of consumers, where applicable.

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  • REINSTATEMENT OF PETROL TAX AT A REDUCED RATE

    REINSTATEMENT OF PETROL TAX AT A REDUCED RATE

    In September 2022 as prices remained above normal, Government sought to completely remove its EC$5.50 petrol tax on the price of gasoline and diesel.

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BUDGET DOCUMENTS

  • To effectively plan, generate, allocate and account for resources through the implementation of fiscal and economic policies and the facilitation of social and environmental policies in co-operation with other agencies thereby providing and enabling sustainable growth and development.
  • Efficient and effective delivery of finance and economic services to the national, regional and international communities, through strong leadership role in planning and management of the available resources.
  • The Minister of Finance, Planning, Economy, Energy, & Co-operatives exercises general control and direction.  The administrative head of the Ministry is the Permanent Secretary.  There is also two deputy Permanent Secretary.

    The Ministry is divided into the following departments:

     

     

    1. Administration
    2. Accountant General’s Division
    3. Inland Revenue Division
    4. Division of Customs and Excise
    5. Central Statistics Office
    6. Government Printery
    7. Budget Unit
    8. Debt Unit
    9. Policy Unit
    10.  Project Coordination Unit
    11.  Public Procurement Unit
    12.  Physical Development Unit
    13. Trade Unit
    14.  Basic Needs Trust Fund (BNTF)
    15. Economic and Technical Cooperation
    16. Market Access and Rural Enterprise Development Programme (MAREP)

    A Department Head, who reports directly to the Permanent Secretary, manages each department.

  • The Ministry of Finance, in pursuit of its mission, has a wide mandate with responsibility for:

    1. Economic planning
    2. Budgeting
    3. Debt management
    4. Economic policy formation
    5. Resource mobilization
    6. Cash management
    7. Tax administration
    8. Supporting decision-making processes in the public and private sectors
Effective April 15, 2023, the Government of Grenada will commence payment of personal emoluments and pensions to Government workers and pensioners twice per month.
This Memorandum is being prepared in fulfilment of Section 10 (1) of the Fiscal Responsibility Act 2015 as amended (FRA), to give effect to the suspension of the fiscal rules and targets under Sections 7 & 8 of the FRA for the fiscal year 2022.
In February 2023, consumers in the ECCU paid an average of EC$15.51 per gallon of gasoline.In February 2023, consumers in the ECCU paid an average of EC$16.27 per gallon of diesel.

  

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LATEST REPORT

 

 

LATEST REPORT:

 

AUGUST 2023 

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CONSULTANCY SERVICES FOR GENDER SENSITIZATION TRAINING

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DRAFT LABOUR MANAGEMENT PROCEDURE GRENADA RESILENCE IMPROVEMENT PROJECT (GRIP)

CITIZEN BY INVESTMENT (CBI) STATISTICS

 

 

CITIZENSHIP BY INVESTMENT (CBI) STATISTICS FOR 2023-THIRD QUARTER

PUBLIC DEBT QUARTERLY BULETIN

QUARTER 4 - 2023

 

 

Address:         Financial Complex

                       The Carenage

                        St. George’s

                        GRENADA, W.I

 

 Telephone:     (473) 440-2731 – (4)

 Facsimile:       (473) 440-4115

 Telex:              (473)3418

Email:              This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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