June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 23 Grenada - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019 2019 2019 2020 2020ᴾ

2019 2020ᴾ

2ᵑᵈQr

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

200.21

181.10

200.10

205.90

142.50

393.54

348.40

Current Revenue

Tax Revenue

189.75

172.93

191.29

188.78

135.97

373.60

324.75

Taxes on Income and Profits

38.40

34.69

38.33

37.60

28.00

78.25

65.60

Of which:

Personal

17.75 20.65

15.55 19.14

17.21 21.12

20.00 15.20

15.30 10.90

38.06 40.19

35.30 26.10

Company/Corporation

Taxes on Property

12.67

11.76

7.40

8.00

13.50

20.33

21.50

Taxes on Domestic Goods and Services

77.02

68.21

77.37

82.94

52.92

154.89

135.86

Of which:

Value-added Tax

62.81

58.46

68.06

69.56

41.54

125.54

111.10

Stamp Duties

1.23 5.62

2.14 2.83

1.40 3.39

0.90 7.10

1.40 4.70

2.11

2.30

Licences

12.58

11.80

Taxes on International Trade and Transactions

61.66

58.27

68.18

60.24

41.55

120.12

101.79

Of which:

Import Duty

21.26 15.19

19.41 14.55

24.57 18.68

19.90 14.90

13.70 10.20

40.69 30.05

33.60 25.10

Customs Service Charge

Non-Tax Revenue

10.47

8.17 0.14

8.82 0.26

24.30

11.30

19.94

35.60

of which: Citizenship by Investment

2.16

5.13

2.57

2.16

7.70

Current Expenditure 1/

162.80

161.07

173.78

155.42

168.32

310.93

323.75

Personal Emoluments Goods and Services

66.54 33.64 19.30 17.18 43.33 11.11 2.11

66.94 39.28 11.34

67.95 41.89 23.18

70.02 30.50

67.52 32.40 17.20 15.50 51.20 11.80 1.70

133.13

137.55

66.96 27.27

62.90 25.00

Interest Payments

7.80 3.10 4.70

Domestic

6.35 4.99

5.34

4.98

4.80

External

17.83 40.77

22.29 83.57 22.29

20.20 98.30 23.90

Transfers and Subsidies

43.50 10.57

47.10 12.10

Of which: Pensions

9.98

37.42

20.04

26.32

50.48

(25.82)

82.61

24.65

Current Account Balance

-

-

-

-

-

-

-

Capital Revenue

17.39 10.67

26.15 21.89

31.12 27.45

21.10 13.00

16.20 13.10

31.17 19.22

37.30 26.10

Grants

Of which: Capital Grants

13.90 13.90

24.19 24.19

30.42 30.42

15.40 15.40

16.90 16.90

23.67 23.67

32.30 32.30

Capital Expenditure

Of which: Capital Expenditure

60.21

33.34

50.21

63.98

(9.32)

117.37

54.65

Primary Balance after grants

40.91

22.00

27.03

56.18

(26.52)

90.10

29.65

Overall Balance after grants

(40.91) (13.05)

(22.00) (55.74)

(27.03) (24.16)

(56.18) (99.21)

26.52

(90.10) (60.43) (12.65) (29.45) (18.34) (29.67) (29.67)

(29.65) (97.43) (107.16) (110.02)

Financing

Domestic

1.78 4.87

ECCB (net)

(4.29)

13.83

(2.22) (112.03)

Commercial Banks (net)

3.58

(17.90) (51.67)

27.12

10.82

(120.84)

Other

(12.34) (27.86) (27.86)

(49.07)

2.00

117.75

119.75

External

33.74 33.74 45.30 11.56

(2.87) (2.87)

43.03 43.03 58.33 15.30

24.74 24.74 60.60 35.86

67.78 67.78

Net Disbursements/(Amortisation)

Disbursements

7.02

34.17 37.03

16.40 46.07

118.94

Amortisation

34.89

51.16

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic

External

Other Financing

Source: Ministry of Finance, Planning, Economy, Energy and Cooperatives, Grenada and the ECCB 1/ Some reclassifcaitions were made from January 2016 to reflect the New Chart of Accounts, where necessary Data as at 14 August 2020

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