June 2020 Economic and Financial Review
June 2020 Economic and Financial Review
ANGUILLA
financed partly by capital revenue, which
Anguilla Public Finance
EC$M
-20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0
totalled $0.8m.
Banking Sector Developments
Anguilla Monetary Survey Percentage Change
(M2) %
(NFA)%
-10.0 -8.0 -6.0 -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 10.0
25.0
18 Q1 18 Q2 18 Q3 18 Q4 19 Q1 19 Q2 19 Q3 19 Q4 20 Q1 20 Q2
20.0
15.0
10.0
Recurrent Revenue Recurrent Expenditure Current Account Balance
5.0
0.0
Developments on the current account gave
-5.0
-10.0
rise to a current account deficit of $14.9m in
19 Q1
19 Q2
19 Q3
19 Q4
20 Q1
20 Q2
contrast to a surplus of $26.2m in the
Money Supply (M2)
Net Foreign Assets
During 2020, Broad Monetary liabilities
corresponding period of 2019. Current
(currency in circulation and deposits)
revenue fell by 39.8 per cent to $76.3m,
declined by 19.6 per cent to $873.2m,
reflecting declines in all of the broad
categories of taxes – incomes and profits
largely due to a fall in foreign currency
($1.6m), property ($3.1m), domestic goods
The net foreign assets
deposits ($178.0m).
and services ($11.5m) and international
of the banking system rose by 5.3 per cent
trade and transactions ($29.9m). Non-tax
to $645.0m, following an increase of
revenue also declined by $4.3m to $13.7m.
15.5 per cent in 2019. Net domestic assets
In adjusting to the steep drop in revenue,
(credit) fell by 51.7 per cent to $228.2m,
mainly due to lower claims 4 (credit) on
current expenditure was contained, falling
by 9.3 per cent to $91.2m. contractions in
households and businesses. The net
expenditure were noted for transfers and
liabilities position of the government
subsidies ($3.7m), goods and services
declined to $50.2m from $66.7m at the end
($3.1m), and interest payments ($2.9m). In
of December 2019. Outstanding credit
contrast, the amount spent on personal
amounted to $566.3m at the end of
emoluments rose by $0.3m. Capital
June 2020. Credit allocation was highest for
expenditure increased by $1.9m to $3.3m,
private households; real estate activities;
4 Due to a change in methodology in compiling the monetary, the nomenclature changed to ‘claims’ from ‘credit’
16
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