2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 15 Antigua and Barbuda - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2016ᴿ

2017ᴿ

2018ᴿ

2019ᴿ

2020ᴾ

776.71

792.23

815.27

846.02

745.87

Current Revenue

Tax Revenue

641.21

641.79

679.65

672.24

610.08

Taxes on Income and Profit

75.58

74.09

78.37

79.12

87.24

of which:

Personal Income

25.64 49.94 17.52

1.93

0.45

0.59

0.36

Corporation

72.16 20.11

77.92 21.17

78.53 28.60

86.88 17.99

Taxes on Property

Taxes on Domestic Goods and Services of which: Antigua and Barbuda Sales Tax

301.41

298.41

329.51

305.57

263.65

250.94

236.90

278.35

252.55

206.65

Stamp Duties

42.13

50.02

41.23

43.22

37.53

Taxes on International Trade and Transactions

246.70

249.18

250.60

258.95

241.19

of which:

Import Duty

82.07 77.57

89.53 64.24

96.61 52.57

98.20 64.15

82.06 79.11

Consumption Tax Embarkation Tax

0.15

0.31

0.42

0.45

0.15

Revenue Recovery Charge

74.20

76.18

83.58

80.06

66.38

Non-Tax Revenue

135.51

150.43

135.62

173.78

135.79

811.75

841.19

914.13

933.51

850.07

Current Expenditure

Personal Emoluments Goods and Services

328.53 128.24 103.72

327.17 131.72 101.22

421.99 129.27 106.97

400.35 152.23 115.51

389.10 116.97

Interest Payments

96.87 54.43 42.44

Domestic

66.07 37.65

72.45 28.77

71.23 35.74

71.04 44.46

External

Transfers and Subsidies

251.27

281.09

255.89

265.43

247.12

of Which: Pensions

64.77

75.84

71.34

78.28

65.65

(35.04)

(48.96)

(98.86)

(87.49)

(104.20)

Current Account Balance

Capital Revenue

174.07

10.76

28.23 15.70 15.70

3.13

5.33

Grants

- -

2.09 2.09

- -

- -

of which: Capital Grants

153.86 123.86

60.67 60.67

83.64 83.64

87.18 87.18

103.27 103.27

Capital Expenditure

of which: Capital Expenditure

88.90

2.35

(47.30)

(56.04)

(105.27)

Primary Balance (before grants)

88.90

4.44

(31.60)

(56.04)

(105.27)

Primary Balance (after grants)

(14.82)

(98.87)

(154.27)

(171.55)

(202.14)

Overall Balance (before grants)

(14.82)

(96.78)

(138.57)

(171.55)

(202.14)

Overall Balance (after grants)

14.82

96.78 43.09

138.57

171.55

202.14 166.20

Financing

Domestic

7.27

(0.26)

79.08 10.36

ECCB (net)

61.33

(27.63)

22.77

65.16 28.01 73.03

Commercial Banks (net)

(2.88)

10.03 60.69

(5.59)

(19.41)

Other

(51.18) (47.87) (44.57)

(17.44)

88.13

External

(14.11) (14.42) 200.87 215.29

50.17 49.86

(2.38) (3.68)

(120.05) (117.91)

Net Disbursements/(Amortisation)

Disbursements

92.58

237.56 187.70

253.83 257.52

234.25 352.16

Amortisation

137.15

Change in Govt. Foreign Assets

(3.30)

0.31

0.31

1.30

(2.13)

Arrears

24.98

67.80 30.27 37.53

88.67 13.53 75.14

94.85 37.87 56.99

155.98

Domestic

3.73

40.09

External

21.25 30.44

115.90

Other Financing

-

-

-

-

Source: Ministry of Finance and Corporate Governance, Antigua and Barbuda and Eastern Caribbean Central Bank Data as at 10 February 2021

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