Government Finances and the Economy
This assessment of the state of the government finances, as of 30th June 2023, coincides with one year of the National Democratic Congress (NDC) administration...
Laurel Bain
Budget Alert 3.7 Managing the Economy with Fiscal Policy – Part IV
The ultimate role of government is to improve the welfare of the population. In doing so, the Government, through the use of fiscal policy, provides...
Budget Alert 3.6: Managing the Economy with Fiscal Policy – Part III
In the management of the economy, there are expected outcomes, foremost of which is the development and transformation of the economy. In the pursuit of...
FROC Statement on the Compliance of Government with the Fiscal Responsibility Act
The conduct of fiscal policy, as outlined in the national budget, is guided by the Fiscal Responsibility Act No. 29 of 2015 and its subsequent...
Budget Alert 3.5 – Managing the Economy with Fiscal Policy
As outlined in Budget Alert 3.4, there is an increasing dependence on non-tax sources of revenue to finance government operations. The substantial increase in non-tax...
Budget Alert 3.4 Managing the Economy with Fiscal Policy- Part 1
As outlined in previous Budget Alert articles, fiscal policy is the main instrument for managing Grenada’s economy, and, in general, the economies of the Eastern...
Government Finances and the Economy
Fiscal policy, which is the main instrument for economic management, is implemented through the execution of the annual national budget; and hence the importance of...
The FROC 2022 annual report Executive Summary
A 7-member committee appointed by the ruling National Democratic Congress (NDC) government of Prime Minister Dickon Mitchell has presented its 2022 annual report on the...
Policy Options for Managing the Economy
The policy options for managing the economy should become common knowledge to enable public participation in the process of economic development and transformation. The main...
Assessing economic performance in the Eastern Caribbean Currency Union
The countries of the Eastern Caribbean Currency Union (ECCU) originally operated under the Treaty of Basseterre (1981) which established the Organisation of Eastern Caribbean States...
The 2023 National Budget: An integrated approach to development – Part II
The focus of the 2023 national budget on the six priority areas, and the emphasis on the development of linkages which, if successfully implemented, should...
The 2023 national budget: An integrated approach to development – Part 1
The national budget for 2023 presented an integrated approach to economic development, and, if implemented as planned, could lead to a higher standard of living....
Financing government operations
The Financing, which is the most important component of the fiscal account, is often omitted from the presentation of government finances. Government operations could result...
Transformational development and the transformation mindset – Part 2
In Part 1 of this article, I shared the views of Economist Dr. Roxanne Brizan – St. Martin as she contextualized the notion of transformative...
Transformational development and the transformation mindset
In this article the perspectives of Economist Dr. Roxanne Brizan -St. Martin on the idea of transformative development is presented. The Government has indicated that...
Budget Time Again
The public would be eagerly awaiting the presentation of the national budget for 2023. The transformative agenda of the National Democratic Congress [NDC] administration, for...
A mix of direct and indirect taxes
Traditionally, taxes have been the main source of government operational revenue in the countries of the Eastern Caribbean Currency Union [ECCU]. This high dependence on...
Government Finances and the Economy
An assessment of the state of the public finances is important at this junction as the new administration of the National Democratic Congress [NDC] assumes...
Good government: Core to transforming the economy
In the previous article on Financing the Payment of Pension and Gratuity, I concluded that: ‘The existence of financial mysteries for extended periods is evidence...
Statement on the Financing of Pension and Gratuity
The pronouncement of the Government on the payment of pension and gratuity to public officers has rendered my previous articles on honouring the court judgement...