Economic and Financial Review - June 2021: GRENADA

Table G1 Grenada - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars) Table G1 Grenada - Central Government Fiscal Operations (In millions of Eastern Caribbean dollar )

January to June

Average 2015 to 2019

Average 2016 to 2020

2017 2018 2019

2020

2021

354.04

376.91

393.53

349.00

353.40

346.40

360.24

Current Revenue

Tax Revenue

338.20

358.71

373.60 324.72 317.67

327.65

340.84

Taxes on Income and Profits

75.54

74.43

78.25

65.47

65.02

69.88

72.52

Of which:

Personal

31.52 44.01

33.20 41.23

38.06 40.19

35.25 30.23

34.05 30.97

32.30 37.58

33.94 38.59

Company/Corporation

Taxes on Property

17.67

19.60

20.33

21.59

19.51

17.65

38.59

Taxes on Domestic Goods and Services

142.10

149.60

154.89

135.86

128.82

138.22

142.06

Of which:

Value-added Tax

114.41

123.84

125.54

111.10

102.49

113.54

116.38

Stamp Duties

3.52

1.56

2.11

2.16

0.08

2.23

2.25

Licences

10.49

11.38

12.58

11.79

13.68

10.73

11.16

Taxes on International Trade and Transactions

102.90

115.08

120.12

101.79

104.32

101.90

107.18

Of which:

Import Duty

33.95 24.48

38.91 29.01

40.69 30.05

33.68 25.20

35.87 26.61 35.73 14.18

34.55 25.59

35.69 26.29

Customs Service Charge

Non-Tax Revenue

15.84

18.20

19.94

24.28

18.75

19.40

of which: Citizenship by Investment

2.43

1.96

3.78

8.17

3.81

3.59

Current Expenditure 1/

305.00

308.77

310.05

322.84

317.55

286.22

305.52

Personal Emoluments Goods and Services Interest Payments

137.02 61.48 36.33

140.10 66.14 28.29

133.13 66.07 27.27

136.82 62.27 25.61

142.65 71.88 25.33

128.42 56.59 34.17

133.98 62.61 31.17

Domestic External

5.95

5.34

4.98

5.33

5.25

6.80

6.00

30.38 70.17 17.47

22.95 74.25 19.12

22.29 83.57 22.29

20.28 98.14 23.81

20.08 77.69 23.66

27.37 67.05 18.04

25.17 77.76 19.72

Transfers and Subsidies

Of which: Pensions

49.05

68.14

83.49

26.16

35.86

60.18

54.72

Current Account Balance

-

-

-

-

-

0.02

0.00

Capital Revenue

29.68 23.06 27.13 27.13

30.08 23.21 30.24 30.24

31.17 19.22 23.67 23.67

37.29 26.11 32.26 32.26

52.23 32.30 51.45 51.45

34.29 26.11 45.80 43.84

34.09 23.68 33.20 31.24

Grants

Of which: Capital Grants

Capital Expenditure

Of which: Capital Expenditure

87.93

96.27

118.26

56.80

61.96

-

-

Primary Balance after grants

51.60

67.98

90.98

31.19

36.64

-

-

Overall Balance after grants

(51.60) (43.41)

(67.98) (33.90)

(90.98) (61.32) (12.65) (29.45) (19.22) (29.67) (29.67)

(31.19) (115.67) (107.16) (110.02)

(36.64) (150.31) (25.56) (112.50) (12.26)

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

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

Financing

Domestic

ECCB (net)

5.76

6.48

Commercial Banks (net)

(58.68)

(54.21)

Other

9.51

13.83

101.51 84.48 84.48 127.77 43.29

External

(8.18) (8.18)

(34.08) (34.08)

113.68 113.68 161.35 47.68

Net Disbursements/(Amortisation)

Disbursements Amortisation

37.59 45.77

14.78 48.86

16.40 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 17 November 2021

Economic and Financial Review - June 2021 | 9