Economic and Financial Review June 2021 SAINT LUCIA

Table L1 Saint Lucia - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars) Table L1 Sai t Lucia - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

January to June

Average 2015 to 2019

Average 2016 to 2020

2017

2018 2019

2020 2021

547.06 614.40

619.28

482.22

467.28

562.28

560.30

Current Revenue

Tax Revenue

518.62 548.87

568.10

441.12

441.19

524.09

519.34

Taxes on Income and Profits

151.61 157.40

163.51

112.35

132.93

152.69

147.79

Of which:

Personal

55.82

57.80

62.19 61.58

57.04 33.18

67.31 54.19

57.57 59.56

58.07 57.48

Company/Corporation

65.80 63.62

Taxes on Property

7.04

6.00

4.22

3.52

4.29

5.75

5.40

Taxes on Domestic Goods and Services

203.16 211.15

216.50

166.62

171.67

211.21

204.13

Of which:

Consumption Duty

-

-

-

-

-

0.00

0.00

Licences

11.56

9.48 2.40 0.30

11.01

8.35 1.95 0.01

8.84 1.56

10.73

10.72

Excise Tax

2.00 0.10

2.44 0.82

2.15 0.42

2.13 0.31

Hotel Occupancy Tax Value Added Tax

-

167.44

174.84

178.59

135.11

135.69

175.99

168.15

Taxes on International Trade and Transactions 156.80

174.32

183.87

158.62

132.29

154.44

162.01

Of which:

Consumption Tax

-

-

-

-

0.02

0.05

0.05

Import Duties

58.63 60.32 37.23 37.94 48.81 48.31 28.44 65.53 6.99 40.54 474.61 514.75 191.97 192.99 93.21 111.54 76.58 80.19 46.05 43.21 30.53 36.98 112.85 130.03

59.00 37.65 61.31 51.18 17.08

49.42 32.85 56.66 41.10 16.09

48.35 34.46 44.93

56.02 35.01 46.64 38.19 12.92

56.01 35.91 50.97 40.95 16.14

Customs Service Charge

Excise Tax

Non-Tax Revenue

26.09

-

of which: Citienship By Investment

509.75 195.54 101.36 85.06 50.93 34.13 127.80 44.40 109.53

554.03 213.89 121.08

620.11 216.10 177.46 82.32 48.64 33.67 144.23 55.28

474.25 191.46 94.09

496.85 196.71 101.38 79.05 46.78 32.27 119.72 42.90

Current Expenditure Personal Emoluments Goods and Services

Interest Payments

81.71 45.74 35.97

77.53 46.94 30.59

Domestic External

Transfers and Subsidies

137.35 48.52

111.17 39.98

Of which: Pensions

41.49

42.66

72.45 99.65

(71.82)

(152.83)

88.03

63.44

Current Account Balance

0.06

0.06

0.06

1.60

0.13

0.07

0.37

Capital Revenue

29.82 22.10 29.82 22.10 99.42 125.78 99.42 125.78

22.48 22.48 98.78 98.78

17.90 17.90 64.68 64.68

29.96 29.96

20.60 20.60 98.87 98.87

20.57 20.57 91.60 91.60

Grants

Of which: Capital Grants

127.86 127.86

Capital Expenditure and Net Lending

Of which: Capital Expenditure

79.49 76.22

118.36

(35.29)

(168.29)

87.35

71.84

Primary Balance after grants

2.91 (3.97)

33.30

(117.00)

(250.60)

9.83

(7.21)

Overall Balance after grants

(2.91)

3.97

(33.30) (125.69)

117.00 12.13

250.60 229.66

Financing

Domestic

(122.70)

38.95

ECCB (net)

37.15

(29.09) (19.68)

0.92 55.23 17.20 (13.20)

(9.45)

Commercial Banks (net)

(38.84) (121.02)

4.01

Other

87.72

(143.81)

(29.90)

235.10 20.95 20.95 60.94 (40.00)

External

119.79 (34.98) 119.79 (34.98)

92.39 104.86 92.39 104.86

Net Disbursements (Amortisation)

Disbursements Amortisation

158.13 (38.34)

58.18

129.47 (37.08)

138.80 (33.94)

(93.16)

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic External

Other financing

Source: Ministry of Finance, Saint Lucia Data as at 10 August 2021

Economic and Financial Review - June 2021 | 9