Government receiving less grant funding than targeted

Grenada has received fewer grants from January to July 2023 when compared to the same period for 2022. According to data from the Ministry of Finance, the total grant received for 2023 was EC$33.3 million, and EC$157.5 million for the same period in 2022.

“Total Grants in July 2023 amounted to $0.3 million which was $5.8 million less than the target and $5.8 million less than the actual in July 2022,” said the July 2023 fiscal report. For all the previous months, the Government received less grant funding than targeted.

Coinciding with the reduced financial grants from regional and international donors was also a reduction in disbursement and new borrowings during the second quarter of 2023. There was no new borrowing in the second quarter of 2023, covering March to June.


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