Annual Economic and Financial Review -December 2018

2018 Economic and Financial Review

ST ATISTICAL TABLES

Table 36 Saint Lucia - Central Government Fiscal Operations (In Million of Eastern Caribbean Dollars)

2018 P

2016 2017 R

2014

2015

Current Revenue

901.38 961.95 1,015.61 1,047.25 1,134.20

Tax Revenue

855.50 913.40 965.88 983.43 1,024.30

Taxes on Income & Profits

218.79 230.19 251.59 254.15 265.40

Of which: Personal

100.55 102.35 106.86 104.63 109.49 62.89 69.13 92.70 95.86 92.08

Company/Corporation

Taxes on Property

8.10

9.41 11.56 12.72 10.84

Taxes on Domestic Goods and Services

383.21 413.11 424.61 389.73 396.69

Of which:

Stamp Duty

14.19 11.60 14.91 12.51 17.22

Hotel Occupancy Tax

2.67

0.66

0.42

0.14

0.32

Licenses

23.53 25.61 28.82 27.55 16.36 322.02 345.36 345.44 312.83 326.31

Value Added Tax

Taxes on International Trade and Transactions

245.41 260.69 278.11 326.82 351.38

Of which:

Consumption Tax

0.24

0.03

0.25

0.00

0.00

Import Duty

101.54 104.50 110.41 119.68 123.24 60.06 66.77 69.24 74.45 79.33 65.72 73.06 80.97 100.13 103.97

Service Charge

Excise Tax

Non-Tax Revenue

45.88 48.55 49.73 63.82 109.89

0.00

0.00

3.58 18.47 71.25

of which: Citizenship By Investment

Current Expenditure

883.56 887.91 916.74 947.23 1,069.91

Personal Emoluments Goods and Services Interest Payments

379.52 375.44 400.64 383.66 387.66 169.71 168.80 165.65 185.41 257.84 146.61 148.74 149.29 149.65 159.88 52.68 51.31 50.86 66.18 71.86 187.72 194.94 201.17 228.51 264.52 70.78 73.13 81.54 82.63 88.32 93.94 97.43 98.43 83.47 88.02

Domestic External

Transfers and Subsidies Of which: Pensions

Current Account Balance

17.82 74.03 98.86 100.02 64.29

Capital Revenue

0.18

0.06

0.23

0.15

0.18

Grants

59.48 52.04 21.39 59.47 32.08 59.48 52.04 21.39 59.47 32.08 215.07 219.10 143.55 216.25 143.25 215.07 219.10 143.55 216.25 143.25

Of which: Capital Grants

Capital Expenditure and Net Lending

Of which: Capital Expenditure

Primary Balance before grants

(50.46)

3.73 104.83 33.57 81.10

Primary Balance after grants

9.02 55.77 126.21 93.03 113.18

Overall Balance before grants

(197.07) (145.00)

(44.46) (116.08) (78.78)

Overall Balance after grants

(137.59)

(92.97)

(23.07)

(56.61) (46.70)

Financing Domestic

137.59 92.97 23.07 56.61 46.70

37.00 (14.25)

(47.45) (11.26) (10.48)

(92.47)

98.63

ECCB (net)

(34.10) (16.72)

(26.69) (3.76)

59.16 (24.98)

Commercial Banks (net)

(72.36) (79.28)

43.97 79.64

Other

87.83 16.19 (25.71)

External

100.59 107.22 70.52 149.09 (51.93) 100.59 43.72 70.52 149.09 (51.93) 168.83 119.90 144.59 227.15 196.73 68.24 76.18 74.07 78.06 248.66

Net Disbursements (Amortisation)

Disbursements Amortisation

Change in Govt. Foreign Assets

- - - - -

63.50

- - - - -

- - - - -

- - - - -

Arrears

- - - -

Domestic External

Other financing

Source: Ministry of Finance, Saint Lucia and Eastern Caribbean Central Bank Data as at 21 February 2019

______________________________________________________________________________ 156 Eastern Caribbean Central Bank