Government finances and the economy – Part 2
Fiscal policy, as the main instrument of economic management is the business of all citizens. In Grenada, fiscal policy is implemented through the execution of...
Laurel Bain
Transparency and accountability in government finances
It is the sixth month of the 2021 fiscal year and the financing for the repurchase of the WRB shares in GRENLEC by the Government...
National debt dilemma
With a public debt, as derived from the Debt Report from the Ministry of Finance, of approximately 2.6 billion dollars or 85.4 percent of GDP,...
Government finances and the economy – Part 1
Grenada’s ailing economy could ill afford the impact of the ongoing dispute on the capacity of the Government to pay salary increases to public officers....
Is the Fiscal Responsibility Act (FRA) fit for purpose?
Grenada and the tourist dependent economies of the Eastern Caribbean Currency Union [ECCU] are grappling to recover from the economic and social fallout from the...
Fiscal summary leaves WRB transaction an unsolved mystery
The Government has released its Fiscal Summary report for December 2020. This report published on the Government website, https://www.finance.gd/index.php/fiscal-reports, has not shed much light on...
A peep into the Social Fund
On the celebration of the 47th anniversary of Independence, on Sunday 7th February 2021, Prime Minister Dr. Rt. Hon. Keith Mitchell unveiled a suggestion for...
Grenada’s Constitution: Parliamentary approval and the GRENLEC transaction
“….The repurchase of the WRB shares which was not covered by any of the provisions governing public expenditure in the Constitution, did not have Parliamentary...
GRENLEC transaction exposes blind spot in national budgets
Sunday 24th January 2021 will be one month since the revelation by WRB of the repurchase of its shares in GRENLEC by the Government of...
GRENLEC transaction derails national budgets
“…Payment out of the Consolidated Fund to settle judgement claims against the government is only permissible if the amounts had been approved/appropriated by Parliament and...
COVID-19 induced approach to transforming the economy
In a previous article, I indicated that the lessons learnt from the Covid-19 global crisis should be used as the basis for charting the way...
The national debt dilemma
Budget alert A high national debt will be a legacy of the Covid-19 induced recession. In Grenada, similar to the other countries of the Eastern...
Budget alert
“In my opinion, the focus of the 2021 National Budget should be on stabilising the economy, addressing the issues of the vulnerable groups and economic...
Transforming the economy – the role of the Permanent Secretary within the public service
In a previous article, I focused on good government as specified in the Grenada Constitution; and specifically on the legislative requirement for the implementation of...
Transforming the economy with Fiscal Policy: Reforming the Fiscal Responsibility Act
The nation is approaching the time for the preparation and presentation of the 2021 national budget. This budget will be presented in the midst of...
Resetting The National Sustainable Development Plan
Good Government: Legislative Requirement and Practical Elements In my previous article, I indicated that the National Sustainable Development Plan (NSDP) should be anchored in the...
Transforming the Economy
Resetting the National Sustainable Development Plan In an earlier article published in April 2020, the lessons to be learnt from the Covid-19 global crisis were...
Transforming The Economy with Fiscal Policy
Reforming the Fiscal Responsibility Act In this Part 2 article, published by Fiscal Alert, the focus is on reforming the Fiscal Responsibility Act No. 29...
Economic Management During a Recession
Stabilising the Economy In the last edition of Fiscal Alert with the Bain Sisters, hosted on Gudday Grenada (Grenada Broadcast) I concluded the discussion on...