POST HURRICANE BERYL INCENTIVES PACKAGES
The Government of Grenada will implement 100% duty and tax exemptions (including Customs Service Charge, Port Charges and Stamp Duties) on food, clothing, household linen, sanitary products for adults and babies, small household appliances and household cleaning supplies.
GOVERNMENT INITIATIVE TO UPGRADE TO “D CLASS” LICENCE IN GRENADA
The Government of Grenada is implementing 100% duty and tax exemptions (including Customs Service Charge, Port Charges and Stamp Duties) on food, clothing, household linen, sanitary products for adults and babies, small household appliances and household cleaning supplies.
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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.
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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.
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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:
- Administration
- Accountant General’s Division
- Inland Revenue Division
- Division of Customs and Excise
- Central Statistics Office
- Government Printery
- Budget Unit
- Debt Unit
- Policy Unit
- Project Coordination Unit
- Public Procurement Unit
- Physical Development Unit
- Trade Unit
- Basic Needs Trust Fund (BNTF)
- Economic and Technical Cooperation
- Market Access and Rural Enterprise Development Programme (MAREP)
A Department Head, who reports directly to the Permanent Secretary, manages each department.
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The Ministry of Finance, in pursuit of its mission, has a wide mandate with responsibility for:
- Economic planning
- Budgeting
- Debt management
- Economic policy formation
- Resource mobilization
- Cash management
- Tax administration
- 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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