Grenada Broadcasting Network

6th October 2022

  

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The Grenada Progressive Movement (GPM) says it is concerned about the most recent report from the Fiscal Responsibility Oversight Committee, FROC.

The GPM Political Leader, Terrence Forrester, says on reading the report, which was released last Friday, he has to call on government to be more fiscally responsible

The report revealed a number of issues that are causes for concern, he says, including the public sector debt to GDP ratio

At the moment, it stands at 72.8%, as opposed to the legal limit of 55%.

Forrester said a recent money bill also points to Grenada’s economic situation.

FROC is scheduled to host a news conference during the first week of September to reveal the findings in the report to members of the media.

 

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