June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 17 Dominica - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019ᴿ 2ᵑᵈQr

2019ᴿ 2019ᴿ

2020ᴿ 2020ᴾ

2019 2020

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

230.56

132.17

113.45

113.71

162.70

369.29

276.41

Current Revenue

Tax Revenue

122.03

106.90

102.77

85.77

73.02

225.15

158.79

Taxes on Income and Profits

28.25

15.36

17.66

12.14

18.51

42.66

30.66

Of which:

Personal

7.33

6.64 9.30

6.62

7.15 5.72

7.29

15.31 39.69

14.44 18.32

Company/Corporation

32.33

11.22

12.59

Taxes on Property

3.09

2.08

4.22

1.99

1.10

5.01

3.09

Taxes on Domestic Goods and Services

65.10

63.08

56.29

51.16

40.32

124.79

91.48

Of which:

Licences

4.88

6.06

5.30

5.61

3.48

10.56 85.47 26.39

9.09

Value Added Tax

45.41 13.51

42.03 13.90

38.42 11.54

32.57 11.75

27.41

59.99 20.63

Excise Tax

8.88

Taxes on International Trade and Transactions

25.60

26.38

24.60

20.48

13.09

52.69

33.56

Of which:

Import Duty

12.17

13.18

13.34

9.95 5.36 2.79

7.02 3.17 1.88

24.98 15.36

16.97

Customs Service Charge

7.67 3.83

8.02 3.95

6.68 3.09

8.53 4.67

Environmental Levy

7.85

Non-Tax Revenue

108.54

25.27 16.85

10.68

27.94 24.05

89.68 87.22

144.14 125.40

117.62 111.27

of which: Economic Citizenship Programme

97.06

5.57

230.59

125.52

120.99

134.43

189.76

375.55

324.19

Current Expenditure

Personal Emoluments Goods and Services 1/

38.53

39.46

40.60

39.81

40.65

77.86

80.46

141.59

37.92

37.55

58.38 11.94

118.30

189.36

176.68

Interest Payments

9.71 5.15 4.55

8.53 4.21 4.33

9.53 6.27 3.26

8.05 4.22 3.82

17.75

19.99 10.24

Domestic

6.02 5.92

8.71 9.03

External

9.74

Transfers and Subsidies

40.76

39.61

33.31

24.30

22.76

90.58 11.13

47.06 11.48

Of which: Pensions

5.61

5.48

5.76

5.90

5.58

(0.03)

6.65

(7.54)

(20.72)

(27.06)

(6.26)

(47.78)

Current Account Balance

0.00

0.96

0.03

0.02

0.03

0.00

0.05

Capital Revenue

9.37 9.37

4.49 4.49

0.84 0.84

1.94 1.94

20.38 20.38

10.67 10.67

22.31 22.31

Grants

Of which: Capital Grants

149.53 149.73

26.92 27.12

29.05 29.09

29.65 30.32

36.57 36.60

237.97 238.16

66.22 66.92

Capital Expenditure and Net Lending

Of which: Capital Expenditure

(130.49)

(6.29)

(26.19)

(36.47)

(35.17)

(215.82)

(71.65)

Primary Balance after grants

(140.20)

(14.82)

(35.72)

(48.41)

(43.22)

(233.56)

(91.63)

Overall Balance after grants

140.20 125.05

14.82

35.72 32.44 (1.16)

48.41 16.12

43.22

233.56 219.94

91.63

Financing

Domestic

(1.27)

(61.64)

(45.53) (19.19)

ECCB (net)

1.63

17.95

(22.05)

2.85

12.19 87.20

Commercial Banks (net)

31.83 91.59

0.50

44.90

1.86

(6.02)

(4.15)

Other

(19.72) (14.07) (14.01) (17.32) (0.06) 30.16 30.16 3.31

(11.30)

36.30

(58.48)

120.55

(22.18)

External

0.15 0.73

(5.24) (5.63)

(13.57) (13.60)

40.40 39.30 49.40

(1.80) (1.60)

26.83 25.70 56.75

Net Disbursements (Amortisation)

Disbursements

12.28

13.31

7.35

25.59

Amortisation

(11.55) (0.58) 15.00 15.00

(18.93)

(20.95)

(10.10)

(27.19) (0.20) 15.42 15.42

(31.05)

Change in Government Foreign Assets

0.38 8.52 8.52

0.03

1.10

1.13

Arrears

45.87 45.87

64.46 64.46

110.33 110.33

Domestic

External

- -

- -

- -

- -

- -

- -

- -

Other Financing

Source: Ministry of Finance, Dominica and ECCB Estimates.

1/ Adjustments to goods and services made by the ECCB to account for unprocessed and pending claims. Corresponding adjustments are also made to domestic arrears

Data as at 14 August 2020

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