ST. GEORGE’S, GRENADA, February 4 – The Dickon Mitchell administration’s decision to delay the presentation of the 2025 national budget until the first quarter of the year has sparked criticism, with Opposition Leader Dr. Keith Mitchell warning of serious economic setbacks.

Traditionally unveiled in November or December, the national budget outlines government revenue and expenditure plans for the upcoming year.

However, the administration has yet to disclose a specific date for its presentation.

Dr. Mitchell cautioned that the delay could disrupt financial planning across various sectors, affecting businesses, farmers, and public services. “It reduces the ability of stakeholders to plan appropriately,” he said. “The government will struggle with planning, and the business community, retail sector, and farmers will be left uncertain about what to expect.”

Former senator and businessman Chris Deallie echoed similar concerns, emphasizing the potential impact on public-sector operations and private-sector investment.

“The delay affects spending power, the government’s ability to meet expenses, and the execution of major projects,” Deallie noted. “Various departments will have to hold back on spending, which could slow down economic activity.”

In September, Parliament approved a $269 million EC supplementary budget to address financial gaps caused by disruptions, including the aftermath of Hurricane Beryl.

Finance Minister Dennis Cornwall has since signed a general warrant authorizing spending for the first quarter of 2025, but questions remain about long-term economic planning.