The Grena­da gov­ern­ment record­ed a de­cline of more than EC$90 mil­lion (One EC dol­lar=US$0.37 cents) in rev­enue for the first four months of this year as com­pared with the same pe­ri­od last year, ac­cord­ing to fig­ures pub­lished by the Min­istry of Fi­nance.

The min­istry said that for the pe­ri­od Jan­u­ary to April this year, the gov­ern­ment’s rev­enue stood at EC$412.2 mil­lion as com­pared with EC$505 mil­lion for the same pe­ri­od last year.

It said that the most sig­nif­i­cant re­duc­tion was rev­enue from the Cit­i­zen­ship by In­vest­ment (CBI) pro­gramme un­der which Grena­da pro­vides cit­i­zen­ship to for­eign in­vestors in re­turn for mak­ing a sig­nif­i­cant in­vest­ment in the so­cio-eco­nom­ic de­vel­op­ment of the coun­try.