budget statement 2012.indd - Grenada Customs & Excise Division

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Annex IV <strong>Grenada</strong>Fiscal&DebtIndicators 2007 2008 2009 2010 2011 2012 2013 2014 CurrentRevenuetoGDP 26.1% 20.7% 20.0% 20.3% 19.1% 19.8% 20.0% 20.8% CurrentExp.toGDP 21.7% 18.7% 19.8% 19.9% 19.6% 19.7% 19.7% 20.6% CurrentAccount(greater thanorequalto5%of GDP) 4.4% 2.1% 0.1% 1.1% 0.5% 0.1% 0.4% 0.2% Overalldeficit(lessthanor equalto3%ofGDP) 8.2% 4.1% 3.4% 2.9% 4.7% 7.2% 6.5% 5.2% Interestpaymentsto CurrentRevenues(greater thanorequalto15%ofCR) 8.2% 7.4% 11.1% 11.1% 12.3% 16.2% 15.6% 20.4% DebtStock(EC$m) 1,716.4 1,783.7 1,851.8 1,906.2 1,968.0 2,229.4 2,295.4 2,392.4 NominalGDP(EC$m) 2,062.6 2,247.3 2,093.9 2,115.7 2,218.6 2,322.1 2,437.7 2,486.5 2012 Budget Statement Page 71
Annex V SummaryofCentralGovernmentDebt inmillionsofEC$ (asatDecember31,2011) 2010 2011 TotalDomestic 358.64 437.09 TreasuryBills 133.45 220.30 Bonds 9.93 20.93 Loans 53.45 55.49 Others 85.40 64.05 GovernmentGuarantees 76.41 76.33 TotalExternal 1,547.53 1,530.91 Bonds 721.64 721.64 Loans 775.62 763.51 GovernmentGuarantees 50.27 45.76 TotalDomestic&External 1,906.17 1,968.01 Page 72 2012 Budget Statement
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CONTENTS 1.0 INTRODUCTION 2.0 INTER
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1.0 INTRODUCTION Mr. Speaker, I beg
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Last year, the US economy is estima
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2.3 Economic Performance of the Eas
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2.5 ECCU Eight-Point Stabilisation
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Manufacturing -4.9 -5.3 3.9 1.5 Ele
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which serve as a proxy for employme
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TABLE IV - PERFORMANCE OF VAT AND E
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US$6 million - October 1997 US$10 m
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Education and Human Resource Develo
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• Cuthbert Peters Park in Gouyave
Page 24 and 25: 4.0 FOCUS AND THEME OF 2012 BUDGET
Page 26 and 27: During the past year, Government ad
Page 28 and 29: interest payments; and a further $7
Page 30 and 31: • Water Charges - 25% reduction
Page 32 and 33: The focus this year is on the imple
Page 34 and 35: Energy Development is a pillar of t
Page 36 and 37: The direct benefits of this Program
Page 38 and 39: This is an exciting and promising i
Page 40 and 41: nesses commenced operations within
Page 42 and 43: Since January 2011, VAT on cement,
Page 44 and 45: 6.7 JOB CREATION: IMPLEMENTATION OF
Page 46 and 47: Tenders for the construction phase
Page 48 and 49: Venezuela Multi Project This projec
Page 50 and 51: In terms of infrastructural develop
Page 52 and 53: Health System Strengthening Governm
Page 54 and 55: Government will continue its effort
Page 56 and 57: 4. Construction of Dover Hard Court
Page 58 and 59: Cabinet has received the report and
Page 60 and 61: With the support of the Government
Page 62 and 63: or Tainos - and to continue to rais
Page 64 and 65: 6.23 LAW AND JUSTICE In 2012, the M
Page 66 and 67: The Force will also modernize its K
Page 68 and 69: The Caribbean Regional Technical As
Page 70 and 71: Mr. Speaker, the 2012 Budget shows
Page 72 and 73: Annex II RevenueCollectionsbyDepart
Page 76 and 77: Annex VI UseofPetroCaribeFunds 2011
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