Ministry of Finance and Energy

Grenada

N0. 1/2014 - COMMUNIQUE FROM HOMEGROWN PROGRAMME M...

  Communique FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) 1     The Homegrown Programme Monitoring Committee (HPMC) held its inaugural meeting on Tuesday July 22nd, 2014, at the Ministry of Finance Conference Room.   The members of the Committee are: Mr. Timothy Antoine (Government of Grenada) – Chairman Mr. Alvin Clouden (Conference of Churches in Grenada) Mrs. Aine Brathwaite...


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N0. 2/2014 - Communique FROM HOMEGROWN PROGRAMME M...

      Communique FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) N0. 2/2014     The Homegrown Programme Monitoring Committee (HPMC) held its second meeting on Thursday, 7th August 2014, at the Ministry of Finance.       Members present were:   Mr. Timothy Antoine (Government of Grenada) – Chairman Mr. Alvin Clouden (Conference of Churches in Grenada) Mrs. Aine Brathwaite (Private Sector...


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N0. 3/2014 - Communique FROM HOMEGROWN PROGRAMME M...

            Communique FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) N0. 3/2014     The Homegrown Programme Monitoring Committee (HPMC) held its third meeting on Thursday, 4th September 2014, at the Ministry of Finance Conference Room.   Members present were: Mr. Timothy Antoine (Government of Grenada) – Chairman Mr. Alvin Clouden (Conference of Churches in Grenada) Mrs....


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N0. 4/2014 - COMMUNIQUE FROM HOMEGROWN PROGRAMME M...

      Communique FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC)   N0. 4/2014       The Homegrown Programme Monitoring Committee (HPMC) held its fourth meeting on Thursday, 2nd October 2014, at the Ministry of Finance.       Members present were:   Mr. Timothy Antoine (Government of Grenada) – Chairman Mr. Alvin Clouden (Conference of Churches in Grenada) Mrs. Aine Brathwaite (Private Sector Organisations) Ms. Sandra...


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N0. 5/2014 - COMMUNIQUE FROM HOMEGROWN PROGRAMME M...

        COMMUNIQUE FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) N0. 5/2014     The Homegrown Programme Monitoring Committee (HPMC) held its fifth meeting on Thursday, 6th November 2014, at the Ministry of Finance. Members present were:   Mr. Timothy Antoine (Government of Grenada) – Chairman Mr. Alvin Clouden (Conference of Churches in Grenada) Mrs. Aine Brathwaite (Private Sector Organisations) Ms....


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COMMUNIQUE FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) NO. 01/2016

COMMUNIQUE FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE (HPMC) NO. 02/2016 

COMMUNIQUE FROM HOMEGROWN PROGRAMME MONITORING COMMITTEE NO. 03/2016

 

FISCAL SUMMARY: January to May 2014

 

 

- Revenue outturn continues to be strong relative to program projections (collections of $220.2M as
  against projections of  $195.8M).
- Grant receipts continue to lag behind (actual collections were $15.0M compared with projections of
   $32.8M).
- Current spending for the period January – May, 2014 was within target ($27.0 million less than
  projections – no payment of back pay in May).
- Capital expenditure reached $59.4 million (28% of the 2014 program target).
 
 
 
 

Revenue collections by Department: Jan. to May 2014

 

 

 

 

 

 

 

Customs & Excise collected $91.0M against projections of $83.2M, a favourable of $7.8M.
IRD collected $103.2M as against projections of $97.3M, a favourable variance of $5.9M.
Non tax Revenue is ahead of projections by $10.5M on account of an injection of $13.5M
         in Special Licences during the month of April.
 
 

Revenue   Category (Details)  

                 

           

          January to May  

           2014

Actual

(EC$mn)

             

       

         January to May  

        2013

        Actual

       (EC$mn) 

        

       

       Variance

              (EC$mn)

             

             Taxes on Income & Profits

           

           $37.4 m

          

            $25.9 m

           

           $11.5 m

        

              Taxes on  Property                         

                  $10.8 m

   

            $6.1 m

  

           $4.7 m

             

              Taxes on

              Goods & Services                

                 

          $47.7 m

         

            $43.3 m

            

            $4.4 m

             

            Taxes   on International  

            Transactions

                 

           $91.0 m

    

            $79.5 m

       

            $11.5 m

            

             Non - Tax

             Revenues                                            

           

         $33.3 m

                 

            $43.0 m

                 

            ($9.7 m)

             

             Total   Current Revenue

               

         $220.1 m

                

          $197.7m      

  

$22.4m  

 
 
Related Documents: 
                        -Letter of Intent
              -Fiscal Results (First Half 2014)