Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 43 Saint Lucia - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018ᴿ 2018ᴿ

2019ᴿ 2019ᴾ

2018 2019

2018ᴿ 2ᵑᵈQr

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

Current Revenue

302.30

280.42

250.94

307.56

308.60

614.39

616.16

Tax Revenue

266.46

249.18

230.33

280.23

277.76

548.87

557.98

Taxes on Income and Profits

75.76

63.28

44.72

85.05

77.09

157.40

162.14

Of which:

Personal

27.98 30.01

26.27 23.73

25.42

33.06 33.34

29.13 28.23

57.80 63.62

62.19 61.58

Company/Corporation

4.73

Taxes on Property

1.92

2.17

2.67

2.93

1.29

6.00

4.22

Taxes on Domestic Goods and Services

102.22

97.68

91.94

107.41

104.71

211.15

212.12

Of which:

Consumption Duty

-

-

-

-

-

-

-

Licences

5.27 1.01 0.19

4.99 0.78 0.01

1.89 0.99 0.02

4.93 1.45 0.02

2.11 1.10 0.81

9.48 2.40 0.30

7.05 2.55 0.82

Excise Tax

Hotel Occupancy Tax Value Added Tax

84.09

78.39

77.16

89.61

88.29

174.84

177.90

Taxes on International Trade and Transactions

86.55

86.06

91.00

84.83

94.67

174.32

179.50

Of which:

Consumption Tax

-

-

-

-

-

-

-

Import Duties

31.04 19.44 23.07 35.84 25.25 96.02 59.38 36.35 20.76 15.59 58.50 18.45 52.05 250.25

29.50 20.33 28.54 31.24 19.67 96.18 60.93 42.04 21.92 20.13 75.22 21.51 274.37

33.42 21.05 27.11 20.61 11.04 98.39 60.89 37.64 22.89 14.75 62.16 23.39 259.08

28.78 18.18 30.56 27.34 11.05 92.01 55.76 46.63 25.91 20.72 65.25 22.44 47.91 259.65

30.44 19.45 30.65

60.32 37.94 48.31 65.52 40.54

59.22 37.63 61.21 58.18 17.08

Customs Service Charge

Excise Tax

30.84

Non-Tax Revenue

6.03

of which: Citienship By Investment

Current Expenditure Personal Emoluments Goods and Services

311.29 133.62 73.92 37.03 22.27 14.76 66.72 20.65

539.93 193.88 137.02 80.19 43.21 36.98 128.85 43.42

570.94 225.63 129.68 83.66 48.18 35.48 131.97 43.09

Interest Payments

Domestic External

Transfers and Subsidies

Of which: Pensions

Current Account Balance

6.05

(8.14)

(2.69)

74.45

45.22

Capital Revenue

0.06

0.13

0.03

0.06

0.06

0.06

0.12

Grants

4.42 4.42

3.51 3.51

10.26 10.26 49.79 49.79

10.42 10.42 49.56 49.56

4.42 4.42

22.10 22.10 78.28 78.28

14.84 14.84

Of which: Capital Grants

Capital Expenditure and Net Lending

30.68 30.68

15.18 15.18

61.68 61.68

111.24 111.24

Of which: Capital Expenditure

Primary Balance after grants

62.20

36.55

(10.01)

55.46

(22.86)

98.53

32.60

Overall Balance after grants

25.85

(5.49)

(47.65)

8.83

(59.88)

18.34

(51.05)

Financing

59.88 92.34 32.05 54.02 6.27

(18.34)

51.05

(25.85) 32.29 16.10 (8.21) 24.40 (58.14) (58.14)

5.49

47.65 13.96 12.76 19.46 33.70 33.70 75.48 (18.27) (41.78)

(8.83)

Domestic

56.14 (8.65) 44.05 20.75 (50.65) (50.65)

(131.74) (5.35) (14.85) (111.55)

16.64

(39.40)

ECCB (net)

(29.09) (19.68) (34.98) (34.98) 65.42

0.92

Commercial Banks (net)

17.20

Other

(57.52)

External

122.91 122.91 122.91

(32.45) (32.45)

90.45 90.45

Net Disbursements (Amortisation)

Disbursements Amortisation

3.63

63.07

13.97

58.18

136.88 (46.43)

(61.77)

(113.72)

- - - - - -

(46.43)

(93.16)

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic External

Other financing

Source: Ministry of Finance, Saint Lucia Data as at 29 August 2019

142

Eastern Caribbean Central Bank