THE FISCAL RESPONSIBILITY OVERSIGHT COMMITTEE’S (FROC) REPORT

The Grenadian Government introduced, in 2015, the Fiscal Responsibility Act No. 29 of 2015. The objectives of this Act are “to establish a transparent and accountable rule-based fiscal responsibility framework in Grenada, to guide and anchor fiscal policy during the budget process, to ensure that government finances are sustainable over the short, medium, and long term, consistent with a sustainable level of debt, and for related matters.”

 The Fiscal Responsibility Oversight Committee is responsible for monitoring compliance with the fiscal rules and targets and reporting to the House of Representatives annually on the status of implementation of the Act.

This report covers fiscal year ending Dec 31, 2016: FROCReport2016