June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 13 Antigua and Barbuda - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019 R 2ᵑᵈ Qr

2019 R 3ʳᵈ Qr

2019 R

2020 2020 P

2019

2020

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈ Qr Jan - Jun Jan - Jun

238.17 199.50 212.95 246.94 146.69 433.57 393.63

Current Revenue

Tax Revenue

193.28 148.06 170.80 206.29 115.16 353.38 321.46 0.00 0. 0 .0 0.00 0.00 0.00 0.00

Taxes on Income and Profits

25.21 11.70

21.45 40.31 14.38 45.97 54.68

Of which:

Personal Income

0.07

0.26

0.01

0.07

0.18

0.32

0.26

Company/Corporation

25.14 11.44

21.44 40.23 14.19 45.66 54.43

Taxes on Property

16.35

2.84

3.34

6.08

6.52 22.42 12.60

Taxes on Domestic Goods and Services

87.09 75.21

70.99 95.23 45.66 159.38 140.89

Of which:

Stamp Duties

11.70 10.40 72.68 62.21

10.76

6.96

5.14 22.06 12.10

Antigua and Barbuda Sales Tax

58.11 82.59 37.16 132.23 119.75

Taxes on International Trade and Transactions

64.63 58.31

75.03 64.68 48.60 125.61 113.28

Of which:

Import Duty

24.23 21.95 16.25 14.33

28.48 25.26 15.74 47.77 41.01 19.32 15.36 16.86 30.51 32.22

Consumption Tax

Passenger Facility Charge Revenue Recovery Charge

0.00

0.00

0.00

0.00

0.00

0.00

0.00

19.99 18.01

22.50 19.82 13.63 39.55 33.45

Embarkation Tax

Non-Tax Revenue

44.88 51.45 26.09 38.23

42.14 40.65 31.52 80.19 72.17 24.61 16.13 24.71 49.38 40.84

Of which: Citizenship by Investment

250.65 234.53 241.92 189.07 208.74 457.06 397.80

Current Expenditure

Personal Emoluments

101.29 99.28 106.47 96.29 96.49 194.61 192.78

Other Goods and Services

51.39 32.95 21.62 33.49 15.64 21.87 5.98 11.62 76.36 68.82 21.46 19.91

41.98 21.49 22.18 77.30 43.66 23.15 31.96 17.65 58.87 49.61

Interest Payments

Domestic

15.48 17.72 7.67 14.25

9.55 33.69 27.27 8.10 25.18 22.35

External

Transfers and Subsidies

70.32 39.33 72.42 126.29 111.75 21.06 15.35 15.40 37.31 30.75

Of which: Pensions

(12.48)

(35.03)

(28.97)

57.87 (62.05) (23.49)

(4.18)

Current Account Balance

0.99

0.63

0.53

0.59

0.66

1.97

1.25

Capital Revenue

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Grants

Of which:

Capital Grants

0.00

0.00

0.00

0.00

0.00

0.00

0.00

23.71 23.15 23.71 23.15

26.93 13.64 22.00 37.10 35.64 26.93 13.64 22.00 37.10 35.64

Capital Expenditure and Net Lending

Of which: Capital Expenditure

(13.58)

(24.07)

(32.23)

76.79 (65.75)

0.25 11.05

Primary Balance after grants

(35.20)

(57.56)

(55.38)

44.83 (83.40) (58.61)

(38.57)

Overall Balance after grants

35.20 57.56 15.86 12.60

55.38 (44.83)

83.40 58.61 38.57

Financing

Domestic

41.48

2.85 89.99 11.59 92.84

ECCB (net)

9.99

(0.23)

5.61 (10.70)

39.65

4.98 28.95

Commercial Banks (net)

(16.69)

5.09 (12.53)

15.93 (76.88) (11.97)

(60.95)

Other

22.56 19.68 22.18

7.74 5.99

48.41 (2.39) 127.23 18.58 124.84

External

(8.04) (77.96) (47.79) (7.56) (74.01) (45.79)

(0.32) (125.75) 4.17 (119.81)

Net Disbursements/(Amortisation)

(0.29)

Disbursements

93.25 46.26

80.24 56.73 69.93 127.33 126.66 (87.80) (130.75) (115.72) (123.16) (246.47)

Amortisation

(71.08)

(46.55)

Change in Government Foreign Assets

(2.50)

6.28 0.00

(0.49)

(3.95)

(2.00)

(4.49)

(5.95)

Other

0.00

0.00

0.00

0.00

0.00

0.00

Arrears

(0.33)

38.97

21.94 30.29 41.19 47.35 71.49

Domestic

4.20 11.08

18.53 (8.77)

11.97 19.60

3.20

External

(4.53)

27.89

3.40 39.06 29.23 27.74 68.29

Other Financing

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Source: Ministry of Finance, Antigua and Barbuda and Eastern Caribbean Central Bank Data as at 13 August 2020

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