Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 38 St Kitts and Nevis - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018 2ᵑᵈQr

2018 2018 2019 2019

2018

2019

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

Current Revenue

261.31

283.55

263.51

254.40

324.49

458.69

578.89

Tax Revenue

127.03

128.70

156.40

133.07

130.17

254.00

263.24

Taxes on Income and Profits

36.36

41.35

49.03

39.28

38.81

69.95

78.09

Of Which: Personal

11.98 19.07

12.79 23.97

14.92 26.81

12.43 20.72

13.18 19.86

24.78 33.41

25.61 40.58

Company/Corporation

Taxes on Property

7.17

6.37

3.54

2.69

6.28

8.79

8.97

Taxes on Domestic Goods and Services

47.03

46.55

56.47

53.90

48.07

100.45

101.96

Of Which: Licences

1.08

1.18

4.79

3.97

1.19

4.97

5.16

Value Added Tax

37.05

34.73

38.57

39.10

37.07

77.03

76.17 10.63

Stamp Duties

4.12 1.78 1.01

5.41 2.43 1.04

9.71 2.08 0.70

5.61 2.16 1.47

5.03 3.02 1.09

8.24 3.89 2.52

Unincorporated Business Levy Island Enhancement Levy

5.18 2.56

Taxes on International Trade and Transactions 36.47

34.42

47.36

37.21

37.01

74.81

74.22

Of Which:

Import Duty

15.93 11.20

14.93 10.51

22.29 13.35

16.91 11.17

16.40 10.68

33.28 22.82

33.31 21.86

Customs Service Charge

Excise Tax

3.19 0.95

3.40 0.83

3.59 2.13

3.94 1.66

4.02 1.32

6.62 3.27

7.96 2.99

Non-Refundable Duty Free Store Levy

134.29 108.12

154.85 132.57

107.11 79.47

121.33 97.06

Non-Tax Revenue

194.32 173.52

204.69 154.32 329.40 142.52 91.34 21.24 16.37

315.65 270.58 332.16 147.87 79.67 17.74 13.28

Of which: Citizenship by Investment

Current Expenditure Personal Emoluments Goods and Services

172.64

186.13

219.14

164.59

167.57

71.56 51.13 12.65 10.11

71.98 47.79

92.47 78.05

73.40 43.04

74.47 36.63 10.53

Interest Payments

8.84 6.65 2.19

8.77 5.43 3.35

7.21 4.78 2.43

Domestic External

8.50 2.04

2.54

4.87

4.46

Transfers and Subsidies Of Which: Pensions

37.30

57.51 10.24

39.84 11.39

40.95

45.93 10.38

74.30 19.52

86.88 20.12

9.46

9.74

Current Account Balance

88.67 97.42 44.37 89.81 156.92 129.29 246.73

Capital Revenue

3.55

1.76

1.99

1.58

2.18

5.46

3.75

Grants

10.85 11.04 60.51 11.58

7.85 0.08

23.42 19.43

Of which: Capital Grants

3.30

3.40 40.03

3.56

8.36

3.64

Capital Expenditure and Net Lending

30.64 58.19 76.60 28.23 50.24 30.61 58.16 76.31 28.41 50.36

52.28 78.47 52.29 78.77

Of which: Capital Expenditure

Primary Balance after grants

85.08 60.86 39.05 81.95 127.24 127.13 209.19

Overall Balance after grants

72.44 52.02 30.27 74.74 116.71 105.89 191.45

Financing

(72.44) (66.49) (0.24) (54.46) (11.79) (5.95) (5.95)

(52.02) (30.27) (74.74) (116.71) (105.89) (191.45)

Domestic

(47.73) (22.49) (70.13) (114.73)

(94.25) (184.86) 5.39 40.97

ECCB (net)

(1.86) (15.39)

10.16 30.80

Commercial Banks (net)

(63.49)

(5.51) (13.12) (32.49) (103.59)

(45.62)

Other

17.62 (1.59) (67.17) (113.04)

3.95 (180.21)

External

(4.29) (4.29)

(7.78) (7.78)

(4.61) (4.61)

(1.98) (1.98)

(11.65) (11.65)

(6.59) (6.59)

Net Disbursements/(Amortisation)

Disbursements Amortisation

0.08 6.03

1.61 5.90

0.00 7.78

0.87 5.48

2.75 4.73

0.14

3.62

11.79 10.20

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic External

Other Financing

Source: Ministry of Finance, St Kitts and Nevis and ECCB Estimates Data as at 23 August 2019

138

Eastern Caribbean Central Bank