Sections 75 and 76 of the Grenada Constitution establish the basic principle that the democratically elected Parliament must approve all taxation and customs and the spending plans of the Government.

Section 77 of the Constitution requires the Minister for Finance to lay before the House of Representatives each year the estimates of revenue and expenditure for the following year, and the Constitution goes on to prescribe the process for Parliamentary consideration and approval of appropriations.

The Constitution gives the Minister for Finance primary responsibility for bringing together the many individual initiatives into an overall budget for the Government, which is considered first by the Cabinet for approval for submission to the Parliament.

Proposals being submitted to Cabinet as part of the budget process will be governed by procedures issued separately by the Ministry of Finance in consultation with the Secretary to the Cabinet. These procedures shall include the standard format to be used for budget proposals.