Grenada has formally enacted its historic 2026 national budget, valued at a record-breaking EC$1.96 billion, following final approval from Governor-General Dame Cécile La Grenade. The budget legislation, comprising the Appropriation (2026) Act, 2025 and the 2026 Budget Loan Authorisation Act, 2025, was officially gazetted on December 19, 2025, completing all constitutional requirements.
The financial plan, which represents an increase of EC$47.14 million compared to the 2025 budget, will take effect on January 1, 2026, aligning with Grenada’s fiscal calendar as defined by the Public Finance Management Act. Despite projecting a substantial deficit of EC$309 million, Finance Minister Dennis Cornwall assured Parliament that the budget is “fully financed” through strategic planning.
Presenting the administration’s fourth budget since taking office in June 2022, Minister Cornwall characterized the financial blueprint as more than mere accounting—it represents “a statement of faith” in the nation’s creative capacity and collective potential. “It reminds us that real progress is never imposed from the top down; it is powered by the active participation, innovation, and perseverance of our people,” Cornwall told legislators.
The budget framework acknowledges significant global uncertainties and regional dynamics while seeking to consolidate gains achieved over the past three and a half years. Minister Cornwall emphasized that the administration’s strategies are “not only ambitious but also practical, resilient, and responsive to the needs of all Grenadians,” ensuring the transformation agenda remains grounded in the lived experiences of citizens.
The budget underwent thorough debate in both Houses of Parliament after its initial presentation on December 1, 2025, marking another milestone for the Dickon Mitchell Administration’s five-year term.