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2018 Economic and Financial Review
ST
ATISTICAL TABLES
______________________________________________________________________________
126
Eastern Caribbean Central Bank
2014
R
2015
R
2016
R
2017
R
2018
P
CURRENT REVENUE
4,103.4
4,361.8
4,787.5
4,731.1
5,265.9
Tax Revenue
3,326.8
3,549.1
3,774.2
3,830.9
4,079.7
Taxes on Income and Profits
1/
703.8
773.4
836.1
851.3
875.3
of which:
Personal
/1
344.1
357.2
366.9
353.4
346.2
Company
/2
257.3
319.9
379.3
405.7
421.0
Taxes on Property
114.5
113.6
128.1
139.2
130.5
Taxes on Domestic Goods & Services
1,544.6
1,591.2
1,692.7
1,665.6
1,789.7
of which:
Accommodation Tax
19.0
19.4
17.7
20.6
6.5
Licenses
97.8
92.9
97.4
95.6
84.7
Sales Tax
/3
229.2
231.7
251.0
236.9
278.3
Consumption Tax
/4
0.4
0.3
0.1
0.0
-
Value Added Tax
/5
900.1
927.4
992.1
962.6
1,071.1
Stamp Duties
111.4
102.6
109.0
110.1
97.7
Taxes on International Trade & Transactions
963.9
1,071.0
1,117.3
1,174.9
1,284.1
of which:
Consumption Tax
/6
52.0
75.3
89.8
75.7
65.4
Import Duties
446.6
470.2
498.9
503.3
561.0
Customs Service Charge
210.5
227.5
236.0
243.3
281.9
Non-Tax Revenue
776.6
812.6
1,013.3
900.2
1,186.2
of which: Citizenship by Investment
370.3
493.5
635.5
513.7
778.3
CURRENT EXPENDITURE
3,876.2
3,926.1
4,154.3
4,370.3
4,684.9
Personal Emoluments
1,719.8
1,712.6
1,831.3
1,857.1
1,965.5
Goods and Services
783.9
781.0
823.3
901.0
1,067.8
Interest Payments
480.3
452.1
459.4
461.0
468.5
Domestic
272.9
250.2
249.3
245.7
249.9
External
207.5
201.9
210.1
215.3
218.7
Transfers and Subsidies
885.3
974.5
1,026.5
1,128.6
1,160.5
Pensions
283.9
288.7
305.7
332.2
323.7
Other Expenses
6.9
5.8
13.8
22.6
22.5
Current Account Balance (before grants)
227.23
435.71
633.24
360.79
581.03
Capital Revenue
37.7
101.3
200.2
25.1
38.6
Grants
478.3
436.8
349.3
388.9
372.0
Current Grants
112.0
138.9
140.9
121.1
136.8
Capital Grants
366.3
297.9
208.3
267.8
235.2
Capital Expenditure and Net Lending
901.7
866.6
788.1
884.2
978.9
Captial Expenditure
901.0
840.7
764.4
882.5
978.6
Primary Balance after grants
321.89
559.23
853.94
351.58
481.17
Overall Balance after grants
(158.4)
107.1
394.5
(109.5)
12.7
Financing
158.4
(107.1)
(394.5)
109.5
(12.7)
Domestic
(150.6)
(499.7)
(448.0)
9.3
(61.4)
ECCB(net)
(63.7)
(60.4)
(41.8)
(2.6)
(37.8)
Commercial Banks(net)
139.1
(1,094.6)
(279.8)
(114.4)
157.8
Other
(226.0)
655.2
(126.3)
126.3
(181.4)
External
194.5
217.0
25.3
27.8
(43.3)
Net Disbursments/ (Amortisation)
203.0
139.6
36.5
27.5
(39.1)
Disbursement
573.1
602.4
486.3
558.8
640.2
Amortisation
370.1
462.8
449.8
531.4
679.2
Change in Govt. Foreign Assets
(8.6)
77.4
(11.2)
0.4
(4.2)
Other Foreign Financing
7/
-
-
-
-
-
Arrears
114.6
23.2
(2.3)
72.3
92.1
Domestic
26.6
(14.2)
(25.9)
34.8
33.5
External
88.0
37.4
23.6
37.5
58.5
Other Financing (residual)
-
152.3
30.4
-
-
Source: ECCU Ministries of Finance and Eastern Caribbean Central Bank
/1
Taxes on Income & Profits include stabilization levy collected in Anguilla and Social Services Levy in St Kitts and Nevis
/2
Excludes Anguilla
/3
Includes Antigua and Barbuda and Dominica
/4
Excludes Montserrat
/5
Excludes Anguilla, Antigua and Barbuda, Montserrat
/6
Excludes St Vincent and the Grenadines
/7
Excludes Montserrat, St Kitts and Nevis and Saint Lucia
Data as at 27 February 2019
Table 2
ECCU - Consolidated Central Government Fiscal Operations
(In millions of Eastern Caribbean dollars)