June 2020 Economic and Financial Review

June 2020 Economic and Financial Review

STATISTICAL TABLES

Table 44 Saint Vincent and the Grenadines - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2019

2019 2019

2020 2020ᴾ

2019 2020ᴾ

2ᵑᵈ Qr

3ʳᵈ Qr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈ Qr Jan - Jun Jan - Jun

149.09 132.09 185.19 147.12 135.72 283.13 282.84

Current Revenue

Taxes on Income and Profits

38.05 31.54 43.51 27.96 38.74 21.48 18.31 24.15 21.15 21.65

65.24 66.70 40.37 42.80 17.29 18.54

Individuals Personal Corpor te

12.78 10.92 15.72

3.91 14.64

Company/Corporation N n Resident

3.79

2.31

3.65

2.90

2.45

7.58

5.36

Taxes on Property 1

5.39

4.77 10.88

9.25

1.97

11.46 11.22

Of which:

Propert Tax

0.64

1.71

1.20

0.48

0.43

1.23

0.91

Taxes on Domestic Goods and Services

67.86 61.50 85.62 76.07 61.90 132.70 137.97

Of which: Stamp Duties TelecommBroadcast licence

0.95 7.43

0.04

0.09

2.31

1.01

5.80

3.32

Hotel Turnover Tax Excise Tax Value Added Tax Motor Vehicle Licence

7.05 17.95 14.19 10.53

15.70 24.72

47.67

37.29

59.60

51.15

39.51

92.51

90.66

4.11

3.88

3.31

3.34

4.04

7.28

7.38

Taxes on International Trade and Transactions

15.99 15.35 19.45 14.47 13.39

30.84 27.86

Of which:

Import Duty

14.12 13.14 17.70 12.91 11.64

27.11 24.55

21.80 18.91 25.72 19.38 19.70

42.90 39.08

Other Revenue

153.90 156.16 151.11 147.02 160.17 294.21 307.19

Current Expenditure

Personal Emoluments Compensati n of Employee

75.47 74.39 78.42 79.10 79.67 150.11 158.77

Use of Goods and Services

19.27 22.22 23.77 15.47 21.94

32.55 37.41

Interest Payments

13.72 14.14 14.19 13.50 11.73

25.89 25.23

Domestic

3.85 9.86

7.29

2.82

5.72 7.78

3.81 7.92

9.08

9.53

External

6.84 11.37

16.80 15.70

Transfers

38.77 40.59 30.63 32.56 40.04

73.26 72.60

Of which: Other Grants and Contributions Employment Related Social Benefit

18.82 19.40 10.86 12.70 19.30 14.55 14.86 15.38 14.50 14.13

31.87 32.00 30.92 28.62

(4.81)

(24.07)

34.08

0.10 (24.45)

(11.08) (24.35)

Current Account Balance

5.16

8.13 49.72

0.61

6.52

7.60

7.14

Capital Revenue and Grants

33.27 109.74 284.93

9.72 32.38

36.78 42.10

Capital Expenditure

(19.21) (111.55) (186.94)

4.50 (38.58)

(14.36) (34.08)

Primary Balance

(32.93) (125.68) (201.13)

(9.01) (50.31)

(40.25) (59.32)

Overall Balance

32.93

125.68

201.13 230.48

9.01 9.01

50.31 50.31

40.25 11.65

59.32 59.32

Financing

Domestic

(11.01) (19.13) (7.55) 15.66 21.03 21.03 36.91 15.89

32.95

ECCB (net)

(49.07) (13.93)

62.85

(22.71)

8.04

(30.62)

(14.67)

Commercial Banks (net)

(52.82) 220.45

(0.35)

18.18 24.09

17.60 24.67 12.44 12.44 40.37 27.92

17.83 56.16

Other

95.96 84.78 84.78

32.07

External

36.36 36.36 50.56 14.20

- - - - - - - -

- - - - - - - -

- - - - - - - -

Net Disbursements/(Amortisation)

Disbursements

105.86

Amortisation

21.08

Change in Government Foreign Assets

-

-

-

-

Arrears

22.91 22.91

7.95 7.95

(65.71) (65.71)

16.16 16.16

Domestic

External

-

-

-

-

Other Financing

-

-

-

-

-

-

-

Source: Ministry of Finance and Economic Planning, St Vincent and the Grenadines and the Eastern Caribbean Central Bank Note: The classification of Government Finance Statistics was changed in the first quarter of 2016 1/ For St Vincent and the Grenadines, this item includes property tax, alien land holding license and stamp duty on property Data as at 14 August 2020 *Based on international best practice of economic classification, VAT is a tax on goods and services;

93