June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 3 ECCU - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019

2019

2019

2020

2020ᴾ

2019

2020

2ᵑᵈ Qr

3ʳᵈ Qr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈ Qr Jan - Jun Jan - Jun

1,526.95

1,242.88

1,297.78

1,314.15

968.25

2,829.76

2,282.40

Current Revenue

Tax Revenue

1,113.28

986.47

1,073.21

1,079.39

731.78

2,154.79

1,811.17

Taxes on Income and Profits \1

256.49

211.82

218.71

236.00

177.83

492.08

413.83

Of which:

Personal /1

92.54

85.74

93.52

97.58

84.32

189.22

181.90

Company/Corporation /2

140.18

104.51

104.03

116.77

71.54

246.86

188.30

Taxes on Property

50.16

29.23

31.82

30.99

27.31

78.23

58.30

Taxes on Domestic Goods and Services

473.47

442.13

465.29

496.46

302.62

937.62

799.08

Of which:

Accommodation Tax

10.15

5.91

3.94

12.77

2.92

21.93

15.68

Licences

22.54 72.71

20.58 62.25

28.84 58.11

29.54 82.63

15.40 37.18

52.91

44.94

Sales Tax \3

132.32 558.29

119.80 463.32

Value Added Tax \5 Consumption Tax \4

281.96

254.85

287.51

283.96

179.36

-

-

-

-

-

-

-

Stamp Duties

23.48

28.18

29.88

19.72

13.99

46.04

33.71

Taxes on International Trade and Transactions

333.16

303.30

357.39

315.94

224.01

646.86

539.95

Of which:

Import Duties

139.32

130.53

154.87

130.08

86.16 18.51

275.23

216.24

Consumption Tax \6

19.18

17.18

22.89

18.14

36.66

36.65

Customs Service Charge

67.66

65.66

75.39

62.24

43.15

133.89

105.40

Non-Tax Revenue

413.66 304.86

256.41 166.15

224.57 111.51

234.76 122.08

236.48 172.22

674.97 304.86

471.23 294.30

of which: Citizenship by Investment

1,315.06

1,266.61

1,315.99

1,210.77

1,228.04

2,459.38

2,438.81

Current Expenditure Personal Emoluments Goods and Services

492.19 367.64 119.91

512.65 265.10 130.11

537.11 289.43 120.59

502.37 289.14 122.32

494.28 314.46 103.97

963.16 611.35 242.12 125.12 117.00 630.36 177.11

996.65 603.60 226.29 115.52 110.77 599.09 177.34

Interest Payments

Domestic

60.48 59.43

75.79 54.32

61.09 59.50

65.73 56.59

49.80 54.18

External

Transfers and Subsidies

328.63

353.93

364.75

290.56

308.53

Of which: Pensions

90.68

91.53

99.98

92.86

84.49

211.89

(23.73)

(18.22)

103.38

(259.79)

370.38

(156.41)

Current Account Balance

3.45

3.29

8.70

4.91

2.58

6.38

7.49

Capital Revenue

89.41 41.63

84.85 48.46

152.39 102.30

49.99 33.35

125.17

125.14

175.16 101.99

Grants

Of which: Capital Grants

68.64

64.11

300.72 300.95

301.26 291.89

644.90 645.05

151.01 151.83

165.29 165.46

500.19 500.60

316.31 317.29

Capital Expenditure and Net Lending

Of which: Capital Expenditure

123.94

(106.75)

(381.44)

129.59

(193.35)

243.82

(63.77)

Primary Balance after grants

4.03

(236.85)

(502.03)

7.26

(297.33)

1.70

(290.06)

Overall Balance after grants

(4.03)

236.85

502.03 492.21

(7.26)

297.33

(1.70)

290.06

Financing

Domestic

(15.46)

31.59 29.30

n.a.

n.a.

(40.49)

n.a.

ECCB (net)

24.15

25.50

(150.47)

95.00

8.10

(55.47)

Commercial Banks (net)

(2.26)

(60.38)

135.43 331.29

895.55

(180.08)

28.29

715.47

Other

(37.35) (25.40) (22.32)

62.66

n.a. n.a. n.a. n.a.

n.a. n.a. n.a. n.a.

(76.88) (37.87) (33.19)

n.a. n.a. n.a. n.a.

External

129.27 123.04 294.15

41.73 41.83

Net Disbursements/(Amortisation)

Disbursements

164.52

241.49

341.15

Amortisation

(186.84)

(171.11)

(199.66)

(176.28)

(163.95)

(374.34)

(340.23)

Change in Government Foreign Assets

(3.08)

6.22

(0.10)

n.a.

n.a.

(4.69)

n.a.

Arrears \ 7

36.83 41.36 (4.53)

76.00 48.11 27.89

(31.91) (35.32)

64.27

86.82

76.66 48.92 27.74

151.10

Domestic

n.a. n.a.

n.a. n.a.

n.a. n.a.

External

3.40

Source: ECCU Ministries of Finance and Eastern Caribbean Central Bank /1 Taxes on Income & Profits include stabilization levy collected in Anguilla and Social Services Levy in St Kitts and Nevis /2 Excludes Anguilla

/5 Excludes Anguilla, Antigua and Barbuda, Montserrat

/3 Includes Antigua and Barbuda and Dominica

/6 Excludes St Vincent and the Grenadines /7 Excludes Grenada, Montserrat, St Kitts and Nevis and Saint Lucia

/4 Excludes Montserrat

Data as at 14 August 2020

61