Economic and Financial Review - June 2019

June 2019 Economic and Financial Review STATISTICAL TABLES

Table 34 Montserrat - Central Government Fiscal Operations (In millions of Eastern Caribbean dollars)

2018 2ᵑᵈ Qr

2018 2018 2019 2019 2018

2019

3ʳᵈ Qr

4ᵗʱQr

1ˢᵗ Qr

2ᵑᵈ Qr Jan-Jun Jan-Jun

Current Revenue

13.30 11.57 12.00 13.71 11.47 26.73 25.17

Tax Revenue

11.94

9.78 10.81 12.36 9.90 23.83 22.26

Taxes on Income and Profits

5.70

3.92

4.38

4.96 4.86 11.00

9.82

Of which:

Personal

3.60 1.89 0.03 1.07 0.80 0.01 0.05

3.33 0.46 0.01 1.28 1.02 0.00 0.09

3.46 0.41 0.50 0.81 0.56 0.00 0.07

3.75 3.60 0.70 1.17 0.12 0.01 2.36 0.91 0.89 0.65 0.01 0.00 0.06 0.06

7.17 3.23 0.10 3.40 1.75 0.01 0.09

7.35 1.86 0.13 3.27 1.54 0.02 0.12

Company/Corporation

Taxes on Property

Taxes on Domestic Goods and Services

Of which: Licences and Stamp Duties

Hotel Occupancy

Insurance Company Levy

Taxes on International Trade and Transactions

5.15

4.57

5.12

4.92 4.11

9.33

9.03

Of which:

Import Duty

1.71 3.17

1.42 2.89

1.55 3.36

1.62 1.26 3.05 2.68

3.17 5.74

2.88 5.74

Consumption Tax

Non-Tax Revenue

1.36

1.80

1.19

1.35 1.56

2.89

2.91

Current Expenditure

29.27 32.07 32.00 36.28 30.39 65.78 66.66

Personal Emoluments Goods and Services* Interest Payments

11.03 11.07 11.35 11.59 11.69 22.18 23.27 10.18 12.44 12.78 14.52 11.46 24.91 25.99

0.01

0.01

0.01

0.04 0.04

0.01

0.08

Domestic External

-

-

-

-

-

-

-

0.01 8.07 2.85

0.01 8.55 2.98

0.01

0.04 0.04

0.01

0.08

Transfers and Subsidies

7.86 10.13 7.19 18.68 17.33

Of which: Pensions

2.87

3.18 3.47

5.78

6.65

Current Account Balance before grants Current Account Balance after grants

(15.97)

(20.49) (19.99) (22.57) (18.92) (39.05)

(41.49)

25.08 (4.08)

0.54 (22.57) (18.61)

2.01 (41.18)

Capital Revenue

-

-

-

-

-

-

-

Grants

41.06 16.42

20.55

0.00 0.33 45.15

0.33 0.02 8.14 8.05

Of which: Capital Grants

0.00

0.01

0.01

0.00 0.02

4.09

Capital Expenditure and Net Lending

2.16 2.14

1.15 1.15

5.57 5.57

5.84 2.30 5.84 2.21

6.76 6.71

Of which: Capital Expenditure Primary Balance before grants Primary Balance after grants Overall Balance before grants Overall Balance after grants

(18.12)

(21.63) (25.56) (28.37) (21.18) (45.80)

(49.55) (49.23) (49.63) (49.30)

22.93 (5.22)

(5.01) (28.37) (20.86)

(0.66)

(18.13)

(21.64) (25.57) (28.41) (21.22) (45.81)

22.93 (5.22)

(5.02) (28.41) (20.90)

(0.67)

Financing

(22.93) (22.91) (0.01) (20.28) (2.62) (0.01) (0.01)

5.22 5.25

5.02 28.41 20.90 5.05 28.44 20.84

0.67 49.30

Domestic

0.67

49.27

ECCB (net)

0.03 (0.39) 4.98 (14.08) 0.25 19.52

0.01 0.59 (0.08)

0.60

Commercial Banks (net)

27.16 (13.67)

4.03 13.49

Other

1.26 33.92 (3.28)

35.18

External

(0.03) (0.03)

(0.03) (0.03)

(0.03) (0.03)

0.06 (0.01) 0.06 (0.01)

0.03 0.03 0.09

Net Disbursements/(Amortisation)

Disbursements Amortisation

0.02

0.00

0.00

0.00 0.09

0.05

(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 23 August 2019

135

Eastern Caribbean Central Bank