2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 25 Grenada - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019 R

2020 P

2016

2017

2018

Current Revenue

651.58 700.07

755.88 777.99 689.57

Tax Revenue

617.12

670.04

723.08

737.43

642.17

Taxes on Income and Profit

127.27

140.60

153.93

151.27

134.96

Of which:

Personal 1

59.31 67.96

60.60 80.00

64.51

70.82 80.45

65.88 69.08

Company/Corporation

89.42

Taxes on Property

23.89

24.28

29.28

39.63

34.79

Taxes on Domestic Goods and Services

261.48

282.08

296.46

301.13

260.90

Of which: Value Added Tax

218.09

235.62

249.48

252.21

216.88

Consumption Duty

0.06 8.66 16.65

-

-

-

-

Stamp Duties

5.07

5.77

5.90

2.53

Licenses

18.22

18.98

18.86

19.42

Taxes on International Trade and Transaction2s04.48

223.08

243.41

245.39

211.53

Of which:

Import Duty

69.82

76.51

84.20 0.00 61.49

84.45

73.70

Consumption Tax

-

-

-

-

Customs Service Charge

49.56

55.02

62.89

50.92

Non-Tax Revenue

34.46

30.03

32.81

40.57

47.40 17.28

of which: Citizenship by Investment

3.44

4.86

3.25

8.03

Current Expenditure

565.46

605.89

608.48

623.47

650.84

Personal Emoluments Goods and Services Interest Payments

251.64 117.62 82.28 22.96 59.32 113.93

265.19 126.51 80.98

264.30 130.67

266.66 132.82 60.64

276.37 132.95 55.90 15.32 40.58 185.62

63.24 17.99 45.25

Domestic External

21.54 59.44

16.02 44.62

Transfers and Subsidies

133.22

150.26

163.35

Of which: Pensions

31.83

35.27

38.96

44.79

47.53

Current Account Balance

86.12

94.17

147.41

154.52

38.73

Capital Revenue

0.00

0.00

0.00

0.00

0.00

Grants

99.99 74.01

78.07 64.20

94.29 74.93

93.53 75.70

103.12

of which: Capital Grants

84.83

Capital Expenditure and Net lending

134.57 120.13

80.62 80.62

86.84 86.84

85.68 85.68

269.90 269.90

of which: Capital Expenditure

Primary Balance before grants

33.83

94.53

123.81

129.48 (175.28)

Primary Balance after grants

133.82

172.60 218.10 223.01

(72.16)

Overall Balance before grants

(48.45)

13.55

60.57

68.84 (231.17)

Overall Balance after grants

51.54

91.63

154.85

162.37 (128.05)

Financing

(51.54) (39.85) (0.69) (46.92) (15.86) (15.86) 7.75

(91.63) (46.82)

(154.85) (92.98) (67.68) (13.02) (12.28)

(162.37) (169.15)

128.05

Domestic

21.56 74.07

ECCB (net)

14.50

(1.04)

Commercial Banks (net)

(76.32)

(20.23) (147.88)

(71.08)

Other

15.01

18.58

External

(44.81) (44.81)

(61.87) (61.87)

6.78 6.78

106.49 106.49 194.80

Net Disbursements/(Amortisation)

Disbursements Amortisation

66.53 82.40

45.49 90.30

29.56 91.43

95.87 89.09

88.31

Change in Government Foreign Assets

-

- - - - -

- - - - -

- - - - -

- - - -

Arrears

4.17 1.78 2.40

Domestic External

Other Financing - Source: Ministry of Finance, Planning, Economy, Energy and Cooperatives, Grenada and Eastern Caribbean Central Bank 1 Includes Debt Service Levy -

Debt Restructuring not included Data as at 10 February 2021

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