Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 22 Dominica - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018ᴿ 2ᵑᵈQr

2018ᴿ 2018ᴿ

2019ᴿ 2019ᴾ

2018 2019

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

Current Revenue

270.69

166.71

149.76

138.14

225.26

399.96

363.40

Tax Revenue

112.40

105.68

102.75

104.61

121.95

195.65

226.55

Taxes on Income and Profits

12.09

11.87

12.17

16.26

28.20

23.54

44.46

Of which:

Personal

7.15 6.17

6.22 6.41

6.74 5.81

8.19 9.01

7.28

15.88

15.46 41.34

Company/Corporation

32.33

9.85

Taxes on Property

1.86

1.60

2.07

1.82

3.09

3.33

4.91

Taxes on Domestic Goods and Services

72.89

64.39

62.60

59.79

65.07

125.10

124.85

Of which:

Licences

6.26

4.22

4.64

5.73

4.86

11.67 85.08 26.24

10.59 85.47 26.39

Value Added Tax

49.66 15.22

46.50 11.79

42.95 13.94

40.06 12.89

45.41 13.51

Excise Tax

Taxes on International Trade and Transactions

25.55

27.82

25.91

26.74

25.60

43.68

52.33

Of which:

Import Duty

11.04

13.55 10.02

14.10

12.67

12.17

18.38 17.21

24.84 15.29

Customs Service Charge

9.85 4.27

7.80 3.66

7.61 4.00

7.67 3.83

Environmental Levy

4.08

7.34

7.82

Non-Tax Revenue

158.29 153.41

61.03 44.00

47.00 38.93

33.53 25.92

103.31 92.70

204.31 194.06

136.84 118.62

of which: Economic Citizenship Programme

Current Expenditure

136.85

99.68

134.27

140.41

154.76

242.27

295.17

Personal Emoluments Goods and Services 1/

39.99 57.15

39.57 28.36

40.26 50.40

39.21 43.72

38.71 65.58

79.60 93.11 16.83 10.13 52.73 10.65 6.69

77.92

109.30 17.56

Interest Payments

7.50 3.20 4.30

5.45 1.04 4.41

7.42 3.89 3.53

7.85 3.37 4.48

9.71 5.15 4.55

Domestic External

8.52 9.03

Transfers and Subsidies

32.21

26.30

36.19

49.63

40.76

90.40 11.13

Of which: Pensions

5.18

5.33

6.13

5.52

5.61

Current Account Balance

133.83

67.03

15.49

(2.27)

70.50

157.69

68.23

Capital Revenue

-

-

-

-

0.00

-

0.00

Grants

0.05 0.05

0.15 0.15

0.08 0.08

0.03 0.03

0.04 0.04

0.05 0.05

0.07 0.07

Of which: Capital Grants

Capital Expenditure and Net Lending

138.94 138.96

53.85 53.86

97.16 97.19

88.43 88.43

149.73 149.93

232.41 232.43

238.16 238.35

Of which: Capital Expenditure

Primary Balance after grants

2.44

18.78

(74.17)

(82.82)

(69.49)

(57.84)

(152.31)

Overall Balance after grants

(5.06)

13.33

(81.59)

(90.67)

(79.19)

(74.67)

(169.86)

Financing

5.06

(13.33)

81.59 81.22

90.67 102.46 10.56 55.37 36.53 (15.21) (15.13)

79.19 56.70

74.67 95.72 (6.67) 153.50 (51.12) (19.58) (15.83) (25.40) (3.75) (1.46) (1.46) 9.57

169.86 159.16 12.19 87.20 59.77 (15.67) (15.01)

Domestic

15.25

0.29

ECCB (net)

(6.37)

(0.91)

(14.62)

1.63

Commercial Banks (net)

77.97

56.09

87.04

31.83 23.24 (0.46)

Other

(56.35) (11.54) (10.92) (12.20) (0.61) 1.28

(54.88) (11.40) (11.36) (12.73) (0.04) (2.22) (2.22) 1.37

8.80 0.96 1.08 7.10

External

Net Disbursements (Amortisation)

0.12

Disbursements Amortisation

0.51

12.28

12.79

(6.02) (0.12) (0.59) (0.59)

(15.64) (0.08)

(12.16) (0.58)

(27.80) (0.66)

Change in Government Foreign Assets

Arrears

1.35 1.35

3.42 0.42 3.00

22.95 16.95

26.37 17.37

Domestic External

- -

- -

- -

6.00

- -

9.00

Other Financing

-

-

-

Source: Ministry of Finance, Dominica and ECCB

1/ Adjustments to goods and services made by the ECCB to account for unprocessed and pending claims. Corresponding adjustments are also made to domestic arrears

Data as at 26 August 2019

126

Eastern Caribbean Central Bank