Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 29 Grenada - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018 2018 2018 2019 2019ᴾ

2018 2019ᴾ

2ᵑᵈQr

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

Current Revenue

186.45

185.64

193.33

191.41

198.50

376.91

389.91

Tax Revenue

177.80

177.50

186.86

183.85

189.75

358.71

373.60

Taxes on Income and Profits

35.03

40.61

38.88

39.85

38.40

74.43

78.25

Of which:

Personal

15.62 19.41

15.71 24.90

15.60 23.29

20.31 18.77

17.75 20.65

33.20 41.23

38.06 39.42

Company/Corporation

Taxes on Property

11.71

4.68

4.99

7.67

12.67

19.60

20.33

Taxes on Domestic Goods and Services

73.05

71.57

75.29

77.87

77.02

149.60

154.89

Of which:

Value-added Tax

61.49

59.87

65.77

62.73

62.81

123.84

125.54

Stamp Duties

0.80 4.75

3.34 3.51

0.87 4.09

0.88 6.96

1.23 5.62

1.56

2.11

Licences

11.38

12.58

Taxes on International Trade and Transactions

58.01

60.64

67.69

58.46

61.66

115.08

120.12

Of which:

Import Duty

19.56 14.19

20.58 15.25

24.72 17.24

19.43 14.86

21.26 15.19

38.91 29.01

40.69 30.05

Customs Service Charge

Non-Tax Revenue

8.65 0.81

8.13 1.01

6.47 0.28

7.56 1.62

8.75 2.16

18.20

16.31

of which: Citizenship by Investment

0.81

3.78

Current Expenditure 1/

157.97

145.98

153.73

148.08

160.26

308.77

308.34

Personal Emoluments Goods and Services Interest Payments

68.29 32.76 21.10 18.45 35.83 2.64

59.73 32.87 12.04

64.47 31.66 22.91 17.89 34.69 10.34 5.02

66.60 33.31

66.54 31.32 19.18 17.18 43.22 11.11 1.99

140.10 66.14 28.29

133.14 64.63 27.10

7.93 2.82 5.11

Domestic External

7.63 4.41

5.34

4.81

22.95 74.25 19.12

22.29 83.47 22.29

Transfers and Subsidies

41.33

40.24 11.18

Of which: Pensions

9.81

9.50

Current Account Balance

28.48

39.66

39.60

43.33

38.24

68.14

81.57

Capital Revenue

-

-

-

-

-

-

-

Grants

13.55

23.05 19.00 21.90 21.90

41.16 32.72 34.70 34.70

13.77

17.39 10.67 13.90 13.90

30.08 23.21 30.24 30.24

31.17 19.22 23.67 23.67

Of which: Capital Grants

9.23

8.55

Capital Expenditure

12.33 12.33

9.77 9.77

Of which: Capital Expenditure

Primary Balance after grants

50.80

52.85

68.98

55.26

60.91

96.27

116.17

Overall Balance after grants

29.70

40.80

46.06

47.33

41.73

67.98

89.07

Financing

(29.70)

(40.80)

(46.06) (19.24)

(47.33) (37.57) (8.36) (33.03)

(41.73) (8.80) (4.29) (8.09) (32.93) (32.93) 3.58

(67.98) (38.92)

(89.07) (46.38) (12.65) (29.45) (4.28) (42.69) (42.69)

Domestic

(2.32) (117.95)

ECCB (net)

(4.25) (16.51) (27.38) (27.38) 18.43

(74.65) (9.23) (34.07)

0.49

6.48

Commercial Banks (net)

50.43

(54.21)

Other

(70.17) (26.82) (26.82)

3.81

8.81

External

77.15 77.15 87.03

(9.76) (9.76)

(29.06) (29.06)

Net Disbursements/(Amortisation)

Disbursements Amortisation

9.56

5.87

1.43

1.96

19.80 48.86

3.38

36.94

9.88

32.69

11.19

34.89

46.07

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic External

Other Financing

Source: Ministry of Finance, Planning, Economy, Energy and Cooperatives, Grenada and the ECCB 1/ Some reclassifcaitions were made from January 2016 to reflect the New Chart of Accounts, where necessary Data as at 13 September 2019

131

Eastern Caribbean Central Bank