June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 37 Saint Lucia - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019 R 2ᵑᵈQr

2019 R

2019 R

2020 2020 P

2019 2020

3ʳᵈQr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈQr Jan - Jun Jan - Jun

311.72

275.12

251.04

302.31

183.18

619.28

485.49

Current Revenue

Tax Revenue

287.88

260.40

235.06

267.99

172.98

568.10

440.97

Taxes on Income and Profits

78.46

70.68

40.75

65.95

46.40

163.51

112.35

Of which:

Personal

29.13 28.23

28.89 33.47

27.29

31.03 27.39

26.01

62.19 61.58

57.04 33.18

Company/Corporation

3.79

5.79

Taxes on Property

1.29

1.39

2.28

2.80

0.72

4.22

3.52

Taxes on Domestic Goods and Services

109.09

104.34

105.29

106.35

60.12

216.50

166.47

Of which:

Licences

6.08 1.00 0.81

5.91 1.18 0.01

11.56

4.90 1.29 0.01

3.30 0.65

11.01

8.20 1.95 0.01

Excise Tax

1.12 0.02

2.44 0.82

Hotel Occupancy Tax

-

Value Added Tax

88.98

82.55

80.52

87.37

47.73

178.59

135.11

Taxes on International Trade and Transactions

99.04

84.00

86.73

92.88

65.74

183.87

158.62

Of which:

Import Duties

30.22 19.47 30.75

28.65 19.38 26.85

32.81 20.69 25.81

29.93 19.40 30.93

19.49 13.45 25.73

59.00 37.65 61.31

49.42 32.85 56.66

Customs Service Charge

Excise Tax

Non-Tax Revenue

23.84

14.72

15.98

34.32 14.89

10.20

51.18 17.08

44.52 14.89

of which: Citienship By Investment

6.03

3.40

3.26

-

252.33

315.68

290.52

323.06

227.27

509.75

550.33

Current Expenditure

Personal Emoluments Goods and Services

103.52

126.06

112.21

109.98

101.89

195.54 101.36

211.87 119.42

48.45 37.80 23.04 14.77 62.55 21.97

61.01 48.37 26.84 21.53 80.24 25.38

61.46 37.33 22.86 14.47 79.52 27.70

87.95 47.29 25.56 21.73 77.83 26.59

31.47 34.42 20.18 14.23 59.50 21.93

Interest Payments

85.06 50.93 34.13

81.71 45.74 35.97

Domestic

External

Transfers and Subsidies

127.80

137.34

Of which: Pensions

44.40

48.52

59.39

(40.56)

(39.49)

(20.75)

(44.09)

109.53

(64.84)

Current Account Balance

-

-

1.50

1.60

-

0.06

1.60

Capital Revenue

15.55 15.55

6.22 6.22

9.70 9.70

16.50 16.50

21.47 21.47

22.48 22.48

37.97 37.97

Grants

Of which: Capital Grants

27.52 27.52

57.97 57.97

51.68 51.68

31.77 31.77

15.12 15.12

77.08 77.08

46.89 46.89

Capital Expenditure and Net Lending

Of which: Capital Expenditure

85.22

(43.94)

(42.64)

12.87

(3.33)

140.05

9.54

Primary Balance after grants

47.42

(92.31)

(79.97)

(34.42)

(37.74)

55.00

(72.16)

Overall Balance after grants

(47.42) (15.93)

92.31 65.39 43.97 58.48 26.92 26.92 92.25 65.33 (37.05)

79.97 54.30

34.42

37.74

(55.00) (51.18)

72.16

Financing

Domestic

n.a.

n.a.

n.a.

ECCB (net)

6.27

(43.50)

1.58

53.65

0.92

55.23

Commercial Banks (net)

32.05

59.98 37.82 25.67 25.67 61.68 36.01

(0.77)

(13.79)

17.20

(14.56)

Other

(54.24) (31.49) (31.49)

n.a. n.a. n.a. n.a. n.a.

n.a. n.a. n.a. n.a. n.a.

(69.30)

n.a. n.a. n.a. n.a. n.a.

External

(3.82) (3.82)

Net Disbursements (Amortisation)

Disbursements

13.97 45.46

129.47 133.29

Amortisation

Change in Government Foreign Assets

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

- - - - -

Arrears

Domestic

External

Other financing

Source: Ministry of Finance, Saint Lucia Data as at 13 August 2020

88

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