June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 32 St Kitts and Nevis - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019

2019 2019

2020 2020

2019

2020

2ᵑᵈQr

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

324.59

253.36

273.49

227.55

152.76

579.04

380.31

Current Revenue

Tax Revenue

130.27

127.02

164.38

142.75

81.85

263.36

224.60

Taxes on Income and Profits

38.81

38.37

49.08

42.31

24.15

78.10

66.46

Of Which: Personal

13.18 19.87

12.83 19.64

14.70 30.62

14.49 21.03

10.47 10.79

25.62 40.60

24.96 31.83

Company/Corporation

Taxes on Property

6.28

4.17

2.55

2.22

1.39

8.96

3.62

Taxes on Domestic Goods and Services

48.16

49.47

60.71

59.29

31.70

102.07

90.99

Of Which: Licences

1.20

1.25

4.63

3.82

0.49

5.17

4.32

Value Added Tax

37.07

34.52

40.91 11.94

43.31

23.16

76.17 10.64

66.47 10.36

Stamp Duties

5.03 3.93 1.16

7.29 3.92 1.15

6.12 2.55 1.41

4.24 0.69 0.28

Unincorporated Business Levy

2.30 0.63

8.50 2.64

3.25 1.69

Island Enhancement Levy

Taxes on International Trade and Transactions 37.02

35.02

52.04

38.94

24.60

74.23

63.53

Of Which:

Import Duty

16.44 10.68

15.83 10.66

23.88 14.67

18.98 11.06

11.10

33.35 21.85

30.07 18.45

Consumption Tax usto s Service Charge Customs Service Charge Excise Tax

7.39 2.26 0.18

3.52 1.32

2.54 0.83

4.08 2.97

2.67 1.62

7.00 2.99

4.93 1.80

Non-Refundable Duty Free Store Levy

Non-Tax Revenue

194.33 173.52

126.34 107.54

109.11

84.80 61.88

70.91 57.73

315.68 270.58

155.71 119.61

Of which: Citizenship by Investment

77.82

175.71

189.83

252.56

184.46

193.26

344.74

377.72

Current Expenditure

Personal Emoluments Goods and Services

74.48 44.75 10.53

74.65 45.06

99.76 58.56

74.87 50.03

75.76 60.64 10.53

147.87

150.63 110.67

92.22 17.76 13.28

Interest Payments

9.57 7.07 2.49

8.49 6.08 2.40

7.59 5.40 2.19

18.12 13.60

Domestic

8.49 2.04

8.20 2.33

External

4.47

4.53

Transfers and Subsidies

45.95 10.38

60.56 10.12

85.75 14.69

51.97 12.95

46.32 11.23

86.90 20.12

98.29 24.18

Of Which: Pensions

148.89 63.52 20.93 43.09 (40.50)

234.30

2.59

Current Account Balance

2.18

1.43

3.46

1.84

1.38

3.75

3.22

Capital Revenue

8.85 15.65 27.35

8.92 22.39

20.43 31.31

Grants

Of which: Capital Grants

1.08

7.87

1.00

1.39

0.89

4.64

2.28

50.73 55.96 208.45 34.58 36.59 50.85 46.38 208.57 34.74 36.73

78.97 71.17 79.27 71.46

Capital Expenditure and Net Lending

Of which: Capital Expenditure

119.72 34.22 (148.23)

26.86 (42.79)

197.27 (15.93)

Primary Balance after grants

109.18 24.65 (156.71)

19.27 (53.32)

179.51 (34.05)

Overall Balance after grants

(109.18) (105.43)

(24.65) 156.71 (19.27) (19.35) 161.66 (14.79)

53.32 (179.51) 59.42 (171.12)

34.05 44.63 (6.04) (58.68)

Financing

Domestic

ECCB (net)

30.80

5.03

0.86

1.21 (7.25)

40.97

Commercial Banks (net)

(32.49)

3.36 74.25 (147.06)

88.38 (45.62)

Other

(103.74)

(27.73)

86.55 131.07 (21.72) (166.47) 109.34

External

(3.76) (3.76)

(5.30) (5.30)

(4.95) (4.95)

(4.48) (4.48)

(6.09) (6.09)

(8.39) (8.39)

(10.57) (10.57)

Net Disbursements/(Amortisation)

Disbursements

0.97 4.73

0.66 5.97

0.66 5.62

1.05 5.53

0.39 6.48

1.82

1.44

Amortisation

10.21 12.01

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic

External

Other Financing

Source: Ministry of Finance, St Kitts and Nevis and ECCB Estimates Data as at 14 August 2020

84