2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 35

St Kitts and Nevis - Federal Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2016 2017 2018 2019 R

2020 P

764.74 750.53 1064.75 1105.88 796.53

Current Revenue

Tax Revenue

498.94 496.93 538.55 554.76 452.39

Taxes on Income and Profits

133.19 141.40 162.68 165.55 128.95

of which: Personal 1

52.78 54.58 51.03 53.15 61.38 68.10 87.59 90.85

48.12 65.48

Company/Corporation

Taxes on Property

16.34 15.09 17.54 15.68

12.63

Taxes on Domestic Goods and Services

200.90 196.07 200.85 212.24 180.07

of which: Licences

9.78 10.18 11.03 11.05

9.76

Value Added Tax

139.63 142.44 147.07 151.60 127.50

Stamp Duties

35.30 25.75 23.32 29.87

23.99

Taxes on International Trade and Transactions

148.50 144.37 157.47 161.28 130.74

of which: Import Duty

68.34 65.61 72.76 73.06 44.60 43.28 45.67 47.18 18.18 13.44 13.38 13.62

64.35 39.19 10.04

Customs Service Charge

Export/Excise Duty

Non Refundable Duty Free Levy

4.01

5.05

6.38

6.79

2.09

Non-Tax Revenue

265.80 253.61 526.20 551.13 344.14 175.26 156.87 417.78 455.94 269.15

of which: Citizenship By Investment

648.05 654.24 767.79 787.14 785.12

Current Expenditure

Personal Emoluments Goods and Services

295.39 293.19 309.92 322.27 316.82 138.91 149.30 217.06 195.85 203.33

Interest Payments

42.56 40.82 38.63 35.81 32.34 32.61 28.33 26.44

32.55 23.98

Domestic

External

10.23

8.21 10.30

9.37

8.57

Transfers and Subsidies

171.19 170.93 202.17 233.21 232.41

of which: Pensions

36.78 37.21 42.88 44.93

54.06

116.69 96.29 296.96 318.75

11.42

Current Account Balance

Capital Revenue

5.49

8.13 35.45

8.65

12.25

Grants

90.80 85.22 59.07 63.43 50.23 54.44 21.68 13.52

68.07 12.63

Of which: Capital Grants

89.95 138.42 303.53 343.38 238.47 110.38 138.70 303.39 334.23 238.98

Capital Expenditure and Net Lending

of which: Capital Expenditure

74.79

6.83 67.52 19.83 (182.25)

Primary Balance before grants

165.59 92.05 126.59 83.26 (114.18)

Primary Balance after grants

32.23 (33.99)

28.89 (15.98) (214.81)

Overall Balance before grants

123.02 51.23 87.95 47.45 (146.74)

Overall Balance after grants

(123.02) (51.23) (87.95) (47.45) (69.60) (26.89) (64.36) (34.10)

146.74 168.50

Financing

Domestic

ECCB (net)

(25.61) (45.05)

(3.90) (11.86) 27.77 (172.59)

46.86

(9.18)

Commercial Banks (net)

31.99 (32.21)

Other

1.05 (50.77) 120.09 (112.95) (53.42) (24.34) (23.59) (13.35) (53.42) (24.34) (23.59) (13.35)

209.89 (21.76) (21.76)

External

Net Disbursement/Amortisation

Disbursements

1.21

0.90

1.75

8.44

6.13

Amortisation

54.63 25.24 25.34 21.79

27.89

Change in Govt. Foreign Assets

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

Arrears

Domestic

External

Source: Ministry of Finance - St Kitts, Nevis and Eastern Caribbean Central Bank 1 Data reflects Housing and Social Development Levy Data as at 22 February 2021

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