2020 Annual Economic and Financial Review

2020 Annual Economic and Financial Review

STATISTICAL TABLES

Table 40 Saint Lucia - Central Government Fiscal Operations (In Million of Eastern Caribbean Dollars)

2016

2017

2018

2019 2020ᴾ

1,015.61 1,047.25 1,154.49 1,150.52 924.02

Current Revenue

Tax Revenue

965.88 983.43 1,037.07 1,063.56 862.48

Taxes on Income & Profits

251.59 254.15 265.40 274.94 219.33

Of which:

Personal

106.86 104.63 109.49 118.38 102.75

Company/Corporation

92.70

95.86 92.08 98.84 78.98

Taxes on Property

11.56

12.72 10.84

7.89

7.26

Taxes on Domestic Goods and Services

424.61 389.73 409.46 426.14 335.39

Of which:

Stamp Duty

14.91

12.51 17.22 16.47 13.52

Hotel Occupancy Tax

0.42

0.14

0.32

0.85

0.21

Licenses

28.82

27.55 25.06 28.48 23.11

Value Added Tax

345.44 312.83 330.39 341.66 265.32

Taxes on International Trade and Transactions

278.11 326.82 351.38 354.60 300.49

Of which:

Consumption Tax

0.25

0.00

0.00

0.00

0.00

Import Duty

110.41 119.68 123.24 120.46 98.08

Service Charge

69.24

74.45 79.33 77.72 67.84

Excise Tax

80.97 100.13 103.97 113.97 107.30

Non-Tax Revenue

49.73

63.82 117.41 86.96 61.54 18.47 71.24 28.82 23.87

of which: Citizenship By Investment

3.58

916.74 947.23 1,057.76 1,115.95 1,147.18

Current Expenditure

Personal Emoluments Goods and Services

400.64 383.66 388.82 433.81 435.27 165.65 185.41 236.46 223.82 271.60 149.29 149.65 159.88 170.76 163.22

Interest Payments

Domestic

98.43 50.86

83.47 88.02 100.62 94.80 66.18 71.86 70.13 68.42

External

Transfers and Subsidies

201.17 228.51 272.61 287.56 277.10

Of which: Pensions

81.54

82.63 88.46 97.48 99.03

98.86 100.02 96.72 34.57 (223.17)

Current Account Balance

0.23

0.15

0.21

0.06

1.60

Capital Revenue

21.39 21.39

59.47 35.87 38.40 28.60 59.47 35.87 38.40 28.60

Grants

Of which: Capital Grants

143.55 216.25 235.16 201.34 228.37 143.55 216.25 235.16 201.34 228.37

Capital Expenditure and Net Lending

Of which: Capital Expenditure

104.83

33.57 21.64

4.05 (286.72)

Primary Balance before grants

126.21

93.03 57.52 42.45 (258.12)

Primary Balance after grants

(44.46) (116.08) (138.23) (166.71) (449.94)

Overall Balance before grants

(23.07)

(56.61) (102.36) (128.30) (421.34)

Overall Balance after grants

23.07

56.61 102.36 128.30 421.34 (92.47) 154.29 (75.28) 165.70

Financing

Domestic

(47.45) (11.26) (10.48) (25.71)

ECCB (net)

59.16 (24.98)

1.38 127.81

Commercial Banks (net)

(72.36)

43.83 40.13 (100.90)

Other

(79.28) 135.45 (116.80) 138.79

External

70.52 149.09 (51.93) 203.58 255.63 70.52 149.09 (51.93) 203.58 255.63 144.59 227.15 196.73 283.41 319.73

Net Disbursements (Amortisation)

Disbursements

Amortisation

(74.07)

(78.06) (248.66)

(79.82) (64.10)

Change in Govt. Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic

External

Other financing

Source: Ministry of Finance, Saint Lucia and Eastern Caribbean Central Bank Data as at 10 February 2021

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