Grenada. Budget Statement 2023

Excerpt:

"Mr. Speaker, this Budget is presented at a time of great uncertainty at the global level, which can have devastating impacts on our economy. The lingering effects of the COVID19 pandemic, geopolitical tensions, and the escalating war in Ukraine are fuelling inflation in food and energy, causing supply chain disruptions, and shortages and delays of key imports. Increasing interest rates in advanced economies, to curb rising inflation, is driving down demand and fuelling recession in our major trading partners, with significant potential impact on tourism and foreign direct investments."