June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 28 Montserrat - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019 R 2ᵑᵈ Qr

2019 R 3ʳᵈ Qr

2019 R

2020 R 1ˢᵗ Qr

2020 P

2019

2020

4ᵗʱQr

2ᵑᵈ Qr Jan-Jun Jan-Jun

11.47 13.08 13.44 16.43 9.03 25.18

25.46

Current Revenue

Tax Revenue

9.90 10.98 10.08 12.61 8.24 22.26

20.85

Taxes on Income and Profits

4.86

5.03

4.04

5.77 4.79

9.82

10.56

Of which:

Personal

3.60 1.17

3.26 0.60

3.53 0.12

3.78 3.39 0.88 0.90

7.35 1.86

7.17 1.78

Company/Corporation

Taxes on Property

0.01

0.51

0.10

0.05 0.01

0.13

0.05

Taxes on Domestic Goods and Services

0.91

1.20

0.73

2.22 0.72

3.27

2.93

Of which: Licences and Stamp Duties

0.65 0.00 0.06

0.97 0.01 0.03

0.47 0.01 0.08

0.87 0.58 0.00 0.02 0.08 0.07

1.54 0.02 0.12

1.45 0.02 0.15

Hotel Occupancy

Insurance Company Levy

Taxes on International Trade and Transactions

4.11

4.24

5.21

4.58 2.73

9.03

7.31

Of which:

Import Duty

1.26 2.68

1.40 2.65

1.79 3.25

1.78 1.13 2.65 1.51

2.88 5.74

2.91 4.16

Consumption Tax

Non-Tax Revenue

1.57

2.10

3.35

3.82 0.79

2.92

4.61

30.37 34.31 35.87 34.90 31.96 66.65

66.85

Current Expenditure

Personal Emoluments Goods and Services*

11.69 11.61 11.97 11.73 11.74 23.27 11.48 14.63 14.86 16.66 13.78 26.00

23.48 30.44

Interest Payments

0.04

0.04

0.04

0.00 0.00

0.08

0.00

Domestic

-

-

-

-

-

-

-

External

0.04 7.16 3.47

0.04 8.03 3.09

0.04 9.00 3.83

0.00 0.00

0.08

0.00

Transfers and Subsidies

6.50 6.43 17.29

12.94

Of which: Pensions

3.43 2.86

6.65

6.29

(18.89)

(21.22) (22.44) (18.46) (22.93) (41.46)

(41.39)

Current Account Balance before grants Current Account Balance after grants

14.40

3.12 (2.37) (17.47)

9.05 (8.17)

(8.43)

-

-

-

-

-

-

-

Capital Revenue

33.38 24.48

20.07

1.24 38.46 33.38

39.70

Grants

Of which: Capital Grants

0.09

0.14

0.01

0.25 6.49

0.09

6.74

1.37 1.28

0.87 0.87

7.78 14.80 3.94 7.78 14.80 3.94

7.20 7.11

18.74 18.74

Capital Expenditure and Net Lending

Of which: Capital Expenditure

(20.22)

(22.05) (30.18) (33.26) (26.87) (48.59) 2.43 (10.10) (32.02) 11.59 (15.21)

(60.13) (20.42)

Primary Balance before grants Primary Balance after grants

13.16

(20.26)

(22.09) (30.22) (33.26) (26.87) (48.67) 2.39 (10.15) (32.02) 11.59 (15.29)

(60.13) (20.42)

Overall Balance before grants Overall Balance after grants

13.12

(13.12) (13.18)

(2.39) (2.36) (0.22) (2.78)

10.15 32.02 (11.59) 10.17 31.18 (11.57)

15.29 15.26

20.42 19.62

Financing

Domestic

ECCB (net)

0.59

(0.15) (2.44)

0.37 0.09

0.60

0.45

Commercial Banks (net)

(13.64)

27.05 (4.62) 3.76 (7.04) 0.84 (0.03) 0.84 (0.03)

13.52

22.44

Other

(0.13)

0.64 12.76

1.14 0.03 0.03 0.09

(3.27)

External

0.06 0.06 0.09

(0.03) (0.03)

(0.03) (0.03)

0.81 0.81 0.87

Net Disbursements/(Amortisation)

Disbursements

0.00

0.00

0.87

-

Amortisation

(0.03)

(0.03)

(0.03)

(0.03)

(0.03)

(0.06)

(0.06)

Change in Government Foreign Assets

-

-

-

-

-

-

-

Arrears

- - -

- - -

- - -

- - -

- - -

- - -

- - -

Domestic

External

Other Financing

-

-

-

-

-

-

-

Source: Ministry of Finance, Montserrat and Eastern Caribbean Central Bank *Goods and Services include Miscellaneous Payments Data as at 14 August 2020

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