Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 18 Antigua and Barbuda - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018

2018 3ʳᵈ Qr

2018 4ᵗʱQr

2019 2019ᴾ

2018

2019

2ᵑᵈ Qr

1ˢᵗ Qr

2ᵑᵈ Qr Jan - Jun Jan - Jun

Current Revenue

197.51 182.16 221.28 193.28 218.95 411.83 412.24

Tax Revenue

171.29 149.76 170.63 160.10 193.28 359.26 353.38 0.00 0.00 .00 .0 0.00 0.00 0.00

Taxes on Income and Profits

19.64 13.70

19.01 20.76 25.21 45.66 45.97

Of which:

Personal Income

0.23

0.03

0.04

0.25

0.07

0.38

0.32

Company/Corporation

19.41 13.67

18.97 20.51 25.14 45.28 45.66

Taxes on Property

8.98

3.93

2.55

6.07 16.35 14.69 22.42

Taxes on Domestic Goods and Services

82.70 76.41

80.96 72.28 87.09 172.15 159.38

Of which:

Stamp Duties

7.27 16.26 72.99 57.44

9.97 10.35 11.70 15.00 22.06 68.63 59.55 72.68 152.28 132.23

Antigua and Barbuda Sales Tax

Taxes on International Trade and Transactions

59.97 55.73

68.11 60.99 64.63 126.76 125.61

Of which:

Import Duty

24.18 21.13 9.72 11.10

27.32 23.53 24.23 48.17 47.77 13.38 14.26 16.25 28.10 30.51

Consumption Tax

Passenger Facility Charge Revenue Recovery Charge

0.00

0.00

0.00

0.00

0.00

0.00

0.00

21.36 19.12

23.07 19.56 19.99 41.39 39.55

Embarkation Tax

Non-Tax Revenue

26.23 32.39 11.89 16.44

50.65 33.19 25.67 52.57 58.85 24.11 21.60 19.08 19.20 40.68

Of which: Citizenship by Investment

Current Expenditure Personal Emoluments

221.78 190.96 299.53 200.22 243.05 423.64 443.27 96.42 95.80 143.55 96.28 98.09 182.64 194.37

Other Goods and Services

34.45 12.60 25.17 32.82 16.77 19.68 8.40 13.15 65.73 49.73 20.30 15.97

44.86 25.58 53.93 71.81 79.51 20.33 28.69 21.00 53.82 49.69 14.87 17.90 14.81 36.68 32.71 90.78 49.66 70.03 115.38 119.69 20.02 15.91 21.61 35.35 37.52 5.45 10.78 6.19 17.14 16.98

Interest Payments

Domestic External

Transfers and Subsidies

Of which: Pensions

Current Account Balance

(24.26)

(8.80)

(78.25)

(6.93) (24.10) (11.81)

(31.03)

Capital Revenue

0.68

0.87

26.06

0.98

1.28

1.30

2.26

Grants

0.00

0.00

15.70

0.00

0.00

0.00

0.00

Of which:

Capital Grants

0.00

0.00

15.70

0.00

0.00

0.00

0.00

Capital Expenditure and Net Lending

17.83 17.83

6.16 6.16

39.52 13.32 20.04 37.97 33.37 39.52 13.32 20.04 37.97 33.37

Of which: Capital Expenditure

Primary Balance after grants

(16.25)

18.73 (55.67)

9.41 (21.86)

5.34 (12.45)

Overall Balance after grants

(41.42)

(14.09)

(76.00) (19.28) (42.86) (48.48)

(62.14)

Financing

41.42 14.09

76.00 19.28 42.86 48.48 62.14

Domestic

(26.60) (8.01)

(12.56)

20.17 (5.81) 6.12 (5.00) 9.54 (5.52) 48.81 (15.85) 46.83 (17.85) 4.50

7.00 9.99

4.02 8.63

1.19 4.98 8.18 5.78 1.29

ECCB (net)

8.02 1.96 3.91 9.06

Commercial Banks (net)

0.13

4.72 (16.69) (12.05)

(11.97)

Other

(18.72)

(22.54)

13.71

7.44

External

37.89 37.07

21.63 (2.55) 19.13 (6.04)

Net Disbursements/(Amortisation)

Disbursements Amortisation

72.27 51.11

95.88 34.08 79.61 90.56 113.69 (49.05) (51.92) (60.48) (96.60) (112.40)

(35.20)

(42.05) (5.15)

Change in Government Foreign Assets

0.83 0.00

1.98 0.00

1.99 0.00

2.50 0.00

3.49 0.00

4.49 0.00

Other

0.00

Arrears

30.12 22.74 24.77 (6.34) 5.35 29.08

7.02 40.94 14.23 47.01 55.17 3.72 17.24 12.47 20.87 29.71

Domestic External

3.31 23.70

1.76 26.14 25.45

Other Financing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Source: Ministry of Finance, Antigua and Barbuda and Eastern Caribbean Central Bank Data as at 29 August 2019

123

Eastern Caribbean Central Bank