Ministry of Finance (Grenada)

The Ministry of Finance (Grenada) is the government ministry responsible for managing the public finances of Grenada. Its core functions typically include:

• Budget Preparation and Execution: Formulating the national budget, allocating resources to various government departments and programs, and monitoring government spending.
• Taxation and Revenue Collection: Administering the tax system, collecting government revenue through various taxes (e.g., income tax, value-added tax, property tax), and ensuring compliance with tax laws.
• Debt Management: Managing the national debt, including borrowing, servicing debt obligations, and developing strategies for debt sustainability.
• Economic Planning and Policy: Developing and implementing economic policies to promote economic growth, stability, and development. This may involve analyzing economic trends, forecasting future economic performance, and advising the government on economic matters.
• Financial Regulation: Overseeing the financial sector, including banks, insurance companies, and other financial institutions, to ensure stability and integrity.
• Customs and Excise: Managing customs and excise duties, controlling the import and export of goods, and preventing smuggling.
• Accounting and Auditing: Maintaining government accounts, preparing financial statements, and ensuring accountability for public funds.

The Minister of Finance is the political head of the ministry and is responsible for providing overall policy direction. The Permanent Secretary is the chief administrative officer and is responsible for the day-to-day operations of the ministry. The ministry's organizational structure typically includes various departments and units responsible for specific functions, such as budget, revenue, debt management, and economic planning. The specific responsibilities and organizational structure may vary over time depending on the government's priorities and needs.