Economic and Financial Review - June 2021: COMMONWEALTH OF DOMINICA

Table D1 Dominica - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars) Table D1 Do inica - Central Gov ment Fiscal Operation (In millions of Eastern Caribbean dollars)

January to June

Average 2015 to 2019

Average 2016 to 2020

2017

2018 2019 2020 2021

356.20 401.53

385.45

308.21

255.97

314.57

341.55

Current Revenue

Tax Revenue

191.39 193.45

225.30

159.12

172.55

189.77

189.27

Taxes on Income and Profits

38.28 23.59

42.83

30.54

31.42

35.45

34.87

Of which:

Personal

18.39 15.89

15.31 39.87

14.32 18.32

15.38 18.29

17.18 21.96

16.34 22.45

Company/Corporation

21.41

9.89

Taxes on Property

6.13

3.33

4.98

3.09

5.97

4.51

4.22

Taxes on Domestic Goods and Services

106.89

124.16

124.79

91.99

100.47

109.82

109.63

Of which:

Licences

13.50 11.71 69.21 85.08 23.32 25.26

10.56 85.47 26.39

10.04 59.99 20.19

12.23 68.18 19.39

11.60 73.46 23.33

11.65 72.78 23.59

Value Added Tax

Excise Tax

Taxes on International Trade and Transactions

40.09 42.37

52.69

33.50

34.70

39.98

40.55

Of which:

Import Duty

19.40 18.38 10.09 15.90

24.98 15.36

16.91

19.83 10.18

19.67 11.14

19.62 11.45

Customs Service Charge

8.48 4.69

Environmental Levy

5.21

7.34

7.85

4.45

5.96

6.00

Non-Tax Revenue

164.81 208.08

160.15

149.09

83.42

124.81 111.72

152.28 140.15

157.94 194.12 141.41 142.62 67.67

of which: Economic Citizenship Programme

227.18 242.27

375.97

359.75

249.85

245.59

280.29

Current Expenditure

Personal Emoluments Goods and Services 1/

77.52 79.60 78.20 93.11 12.47 16.83 8.41 10.13 59.00 52.73 10.21 10.65 4.06 6.69

78.04

80.54

83.10 91.94 15.73 11.80 59.08 11.55 3.93

79.75 93.74 14.72

78.41

189.60

201.12

124.26

Interest Payments

17.75

20.06 10.26 58.04 11.48 9.80

16.40

Domestic External

8.71 9.03

5.32 9.39

6.65 9.74

Transfers and Subsidies

90.58 11.13

57.39 10.21

61.22 10.64

Of which: Pensions

129.02 159.26

9.48

(51.54)

6.11

-

-

Current Account Balance

0.05

-

0.00

0.05

-

0.03

0.04

Capital Revenue

44.37 15.16 44.37 15.16 166.75 232.41 167.03 232.43

16.95 16.95

166.08 166.08

38.50 38.50

22.95 22.95

52.46 52.46

Grants

Of which: Capital Grants

238.16 238.35

87.38 88.07

276.06 276.20

154.63 154.81

160.92 161.19

Capital Expenditure and Net Lending

Of which: Capital Expenditure

19.17 (41.16) (193.99)

47.27

(215.72)

-

-

Primary Balance after grants

6.70 (57.99) (211.73)

27.21

(231.45)

-

-

Overall Balance after grants

(6.70)

57.99

211.73 194.46 12.19 87.20 95.07

(27.21) (82.36) (19.19) (3.43) (59.74) 36.55 37.69 68.85 31.16 (1.13) 18.59 18.59

231.45 120.66 (35.32) 147.57 72.72 73.27 90.30 17.03 8.40 (0.54) 38.07 38.07

- - - - - - - - - - - - - -

- - - - - - - - - - - - - -

Financing

Domestic

10.21 74.52

ECCB (net)

(13.77)

(6.66)

Commercial Banks (net)

38.92 153.50

Other

(14.94) (18.01) (17.42)

(72.32) (19.58) (15.83)

External

1.85 2.51

Net Disbursements (Amortisation)

Disbursements Amortisation

4.17

9.57

29.65 27.14 (0.66) 15.42 15.42

21.58 25.40

Change in Government Foreign Assets

(0.60)

(3.75)

Arrears

1.10 1.10

3.05 3.05

Domestic External

- -

- -

- -

- -

- -

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 23 August 2021

Economic and Financial Review - June 2021 | 8