Economic and Financial Review - June 2019
June 2019 Economic and Financial Review STATISTICAL TABLES
Table 50 St Vincent and the Grenadines - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)
2018 2ᵑᵈ Qr
2018 2018
2019 2019ᴾ
2018 2019ᴾ
3ʳᵈ Qr
4ᵗʱQr
1ˢᵗ Qr
2ᵑᵈ Qr Jan - Jun Jan - Jun
Current Revenue
154.81 163.85 161.38 134.05 149.14 269.34 283.20
Taxes on Income and Profits
40.89 41.81 41.16 27.19 38.06 22.01 17.39 20.22 18.88 21.49
64.68 65.25 40.19 40.37 18.30 17.29
Individuals Corporate
15.76 18.40 17.59
4.51 12.78
Non Resident
3.12
6.02
3.35
3.80
3.79
6.19
7.58
Taxes on Property 1
5.64 13.37 14.76
6.07
5.39
9.31 11.46
Of which:
Propert Tax
0.93
1.99
1.02
0.60
0.64
1.56
1.23
Taxes on Domestic Goods and Services
65.89 70.57 62.34 64.85 67.86 122.01 132.71
Of which: TelecommBroadcast licence
0.90
2.73
0.04
4.85 8.27
0.95 7.43
0.90
5.80
Excise Tax
11.57 44.62
9.13 11.39
20.74 15.70
Value Added Tax
40.55
45.04
44.85
47.77
84.70
92.62
Motor Vehicle Licence
4.49
3.73
3.03
3.18
4.11
7.38
7.29
Taxes on International Trade and Transactions
21.22 15.49 19.65 14.85 15.99
34.61 30.84
Of which:
Import Duty
17.06 13.63 17.58 12.99 14.12
29.02 27.11
Other Revenue
21.16 22.62 23.46 21.10 21.85
38.74 42.95
Current Expenditure
145.73 142.71 154.35 141.30 153.90 276.47 295.20
Compensation of Employee
71.67 71.25 74.02 75.60 75.47 142.75 151.07
Use of Goods and Services
18.42 20.13 24.25 13.32 19.27
29.57 32.58
Interest Payments
15.71 10.43 13.84 12.17 13.72
25.62 25.89
Domestic External
4.96
5.17 5.26
4.41 9.43
5.23 6.94
3.85 9.86
9.29
9.08
10.74
16.33 16.80
Transfers
34.32 35.02 35.92 34.49 38.77
68.19 73.26
Of which: Other Grants and Contributions Employment Related Social Benefit
15.37 15.93 15.11 13.05 18.82 13.58 13.67 15.35 16.37 14.55
29.69 31.87 28.49 30.92
Current Account Balance
9.08 21.14
7.03 (7.25)
(4.76)
(7.13) (12.01)
Capital Revenue and Grants
13.53
4.55
4.54
2.44
5.16
15.36
7.60
Capital Expenditure
10.47 21.37 35.05
3.32 33.27
11.97 36.59
Primary Balance
27.85 14.75 (9.63)
4.05 (19.16)
21.88 (15.11)
Overall Balance
12.14
4.32 (23.47)
(8.12) (32.87)
(3.74) (41.00)
Financing
(12.14) (39.75) (31.55) (3.10) (5.10)
(4.32) (11.87) (10.22)
23.47 12.79 23.96 (6.91) (4.26)
8.12 NA() NA() NA() NA() (8.60) (8.60)
32.87 NA() NA() NA() NA() 24.98 15.89 22.91 22.91 - 9.09 9.09
3.74
41.00 24.35 17.60 37.37 (30.62)
Domestic
(21.12) (9.90)
ECCB (net)
Commercial Banks (net)
7.98
6.19
Other
(9.62)
(17.42)
External
22.92 22.92 36.86 13.95
3.82 3.82
2.64 2.64
17.05 17.05 43.67 26.61
0.49 0.49
Net Disbursements/(Amortisation)
Disbursements Amortisation
20.58 16.76
22.86 20.22
3.44
28.41 27.92 16.16 16.16 -
12.04
Change in Government Foreign Assets
-
-
-
-
-
Arrears
4.69 4.69
3.73 3.73
8.03 8.03
(6.76) (6.76)
7.81 7.81
Domestic External
- -
- -
- -
- -
- -
- -
- -
Other Financing
Source: Ministry of Finance and Economic Planning, St Vincent and the Grenadines and the Eastern Caribbean Central Bank Note: The classification of Government Finance Statistics was changed in the first quarter of 2016 1/ For St Vincent and the Grenadines, this item includes property tax, alien land holding license and stamp duty on property Data as at 26 August 2019 *Based on international best practice of economic classification, VAT is a tax on goods and services;
147
Eastern Caribbean Central Bank
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