2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 2 ECCU - Consolidated Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2016

2017 2018ᴿ

2019ᴿ

2020ᴾ

CURRENT REVENUE

4,787.5 3,774.2

4,741.4 3,838.3

5,354.4 4,101.9

5,414.3 4,216.0

4,497.7 3,608.8

Tax Revenue

Taxes on Income and Profits 1/

842.8

858.6

890.1

922.0

804.9

of which:

Personal /1 Company /2

366.9 379.3

353.4 405.6

346.2 427.5

368.4 454.9

344.6 380.9

Taxes on Property

128.1

144.6

130.3

139.4

128.0

Taxes on Domestic Goods & Services

1,686.0

1,669.9

1,795.2

1,847.8

1,567.6

of which:

Accommodation Tax

17.7 97.4

20.6 95.6

6.7

31.8

23.0 90.6

Licenses

96.5

101.7 252.7

Sales Tax /3

251.0

236.9

278.3

206.7

Consumption Tax /4 Value Added Tax /5

0.1

0.0

-

-

-

992.1 109.0

974.0 110.1

1,072.2

1,100.8

912.8

Stamp Duties

97.5

104.4

86.0

Taxes on International Trade & Transactions

1,117.3

1,165.2

1,286.3

1,306.9

1,108.2

of which:

Consumption Tax /6

89.8

75.7

65.4

76.7

90.6

Import Duties

498.9 236.0

503.7 243.5

565.3 282.2

560.7 274.7

451.2 217.5

Customs Service Charge

Non-Tax Revenue

1,013.3

903.1 513.7

1,252.5

1,198.3

888.9 542.9

of which: Citizenship by Investment

635.5

829.0

786.2

CURRENT EXPENDITURE

4,157.9 1,831.3

4,365.2 1,857.1

4,736.4 1,965.0 1,062.9

5,033.5 2,015.6 1,159.6

4,997.7 2,034.7 1,203.6

Personal Emoluments Goods and Services

826.8 459.6 249.4 210.1

894.2 461.2 245.8 215.4

Interest Payments

472.0 249.5 222.5

490.9 260.6 230.4

449.8 232.7 217.0

Domestic

External

Transfers and Subsidies

1,026.5

1,128.6

1,214.0

1,346.0

1,281.1

Pensions

309.4

332.2

341.5

371.1

369.4

Other Expenses

13.8

24.2

22.5

21.3

28.5

Current Account Balance (before grants)

629.61

376.18

618.01

380.79

(500.01)

Capital Revenue

181.4

25.1

64.9

17.0

77.6

Grants

349.3 140.9 208.3

404.9 121.1 283.7

387.8 134.7 253.0

352.0 145.4 206.6

420.9 206.1 214.7

Current Grants Capital Grants

Capital Expenditure and Net Lending

788.1 764.4

918.2 916.4

1,230.6 1,230.5

1,176.2 1,167.4

1,225.0 1,225.5

Captial Expenditure

Primary Balance after grants

831.70

349.15

312.00

64.50

(776.78)

Overall Balance after grants

372.1

(112.0)

(160.0)

(426.4)

(1,226.5)

Financing Domestic

(372.1) (425.2)

112.0

160.0

426.4 101.1

1,226.5

12.3

96.1

398.1 222.4

ECCB(net)

(41.8)

(2.6)

(37.8)

62.9

Commercial Banks(net)

(279.8) (103.5)

(114.4)

157.7

103.4

1,089.8

Other

129.3

(23.7) (44.7) (41.1)

(65.2) 218.0 217.0 805.2 (588.2)

(914.1)

External

24.9 36.1

27.5 27.1

681.5 684.9

Net Disbursments/ (Amortisation)

Disbursement Amortisation

486.3

558.8

633.3

1,336.7

(450.1)

(531.8)

(674.4)

(651.8)

Change in Govt. Foreign Assets

(11.2)

0.4

(3.6)

1.0

(3.5)

Other Foreign Financing 7/

-

-

-

-

-

Arrears

(2.3)

72.3 34.8 37.5

108.5

107.4

146.9

Domestic

(25.9)

33.3 75.1

50.4 57.0

31.0

External

23.6 30.4

115.9

Other Financing (residual)

-

-

-

-

Source: ECCU Ministries of Finance and Eastern Caribbean Central Bank

/1 Taxes on Income & Profits include stabilization levy collected in Anguilla and Social Services Levy in St Kitts and Nevis

/2

Excludes Anguilla

/3 Includes Antigua and Barbuda and Dominica /4 Excludes Montserrat /5 Excludes Anguilla, Antigua and Barbuda, Montserrat /6 Excludes St Vincent and the Grenadines /7 Excludes Montserrat, St Kitts and Nevis and Saint Lucia Data as at 10 February 2021

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