2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 20

Dominica - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2016 2017 2018 2019 R

2020 P

750.57 620.65 717.09 648.38 491.70

Current Revenue

Tax Revenue

350.76 327.81 404.65 434.80 318.86

Taxes on Income and Profits

68.30 65.26 47.60 75.10 56.98

Of which:

Personal

32.17 36.97 28.86 28.52 28.16 39.02 29.73 22.09 59.69 32.49

Company/Corporation

Taxes on Property

7.15 8.69 7.05 11.28

6.67

Taxes on Domestic Goods and Services

202.64 186.94 252.10 244.21 186.60

Of which: Value Added Tax (VAT)

135.06 122.45 174.53 165.92 125.18 20.21 20.91 20.54 21.96 19.50 45.37 42.10 51.98 51.84 39.92

Licenses

Excise Tax

Taxes on International Trade and Transactions

72.66 66.93 97.90 104.20 68.60

Of which:

Import Duty

39.39 32.66 46.30 51.75 36.75 18.03 18.36 35.20 30.25 18.75

Customs Service Charge

Environmental Levy

10.10 9.37 15.15 14.99

9.13

Non-Tax Revenue

399.81 292.84 312.44 213.59 172.84

395.73 437.82 477.55 622.84 560.80

Current Expenditure

Personal Emoluments Goods and Services

152.86 179.65 159.41 158.13 161.13 122.10 129.94 172.38 265.35 260.62 26.81 22.20 29.73 34.97 32.32 7.28 6.94 11.62 18.35 16.67 19.53 15.27 18.10 16.62 15.65 93.95 106.03 116.03 164.39 106.73 19.72 20.71 22.11 22.37 23.15

Interest Payments

Domestic

External

Transfers and Subsidies

Of which: Pensions

354.85 182.82 239.55 25.54 (69.10)

Current Account Balance

0.11 0.19 0.00 1.10

1.96

Capital Revenue

21.44 13.37 26.83 17.30 22.54 21.44 13.37 26.83 17.30 22.54

Grants

Of which: Capital Grants

160.50 259.59 383.42 302.09 160.79 160.84 259.97 383.48 302.52 161.65

Capital Expenditure and Net Lending

Of which: Capital Expenditure

242.70 (41.00) (87.31) (223.17) (173.07)

Primary Balance after grants

215.89 (63.21) (117.04) (258.15) (205.39)

Overall Balance after grants

(215.89) 63.21 117.04 258.15 205.39 (167.99) 77.62 146.82 221.00 115.04 (17.79) (32.98) (22.20) 28.97 (12.40)

Financing

Domestic

ECCB (net)

Commercial Banks (net)

(230.17) 10.00 296.63 132.61

7.68

Other

79.97 100.60 (127.61) 59.42 119.76

External

(40.12) (18.31) (30.02) (16.96)

99.41

Net Disbursements/Amortisation

(32.21) (18.38) (26.11) (16.62) 100.73 7.19 26.14 18.04 45.61 152.39 39.39 44.52 44.15 62.24 51.66

Disbursements

Amortisation

Change in Government Foreign Assets

(7.91) (7.78) (7.78)

0.08 (3.91)

(0.33)

(1.32)

Arrears

3.89 0.25 54.11 (9.06) 3.89 0.25 54.11 (9.06)

Domestic

External

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00

Other Financing

Source: Ministry of Finance, Dominica and Eastern Caribbean Central Bank(ECCB) Data as at 10 February 2021

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