167 / 173
2018 Economic and Financial Review
ST
ATISTICAL TABLES
______________________________________________________________________________
157
Eastern Caribbean Central Bank
Table 36
Saint Lucia - Central Government Fiscal Operations
(In Million of Eastern Caribbean Dollars)
2014
2015
2016 2017
R
2018
P
Current Revenue
901.38 961.95 1,015.61 1,047.25 1,134.20
Tax Revenue
855.50 913.40 965.88 983.43 1,024.30
Taxes on Income & Profits
218.79 230.19 251.59 254.15 265.40
Of which:
Personal
100.55 102.35 106.86 104.63 109.49
Company/Corporation
62.89 69.13 92.70 95.86 92.08
Taxes on Property
8.10
9.41 11.56 12.72 10.84
Taxes on Domestic Goods and Services
383.21 413.11 424.61 389.73 396.69
Of which:
Stamp Duty
14.19 11.60 14.91 12.51 17.22
Hotel Occupancy Tax
2.67
0.66
0.42
0.14
0.32
Licenses
23.53 25.61 28.82 27.55 16.36
Value Added Tax
322.02 345.36 345.44 312.83 326.31
Taxes on International Trade and Transactions
245.41 260.69 278.11 326.82 351.38
Of which:
Consumption Tax
0.24
0.03
0.25
0.00
0.00
Import Duty
101.54 104.50 110.41 119.68 123.24
Service Charge
60.06 66.77 69.24 74.45 79.33
Excise Tax
65.72 73.06 80.97 100.13 103.97
Non-Tax Revenue
45.88
48.55 49.73 63.82 109.89
of which: Citizenship By Investment
0.00
0.00
3.58 18.47 71.25
Current Expenditure
883.56 887.91 916.74 947.23 1,069.91
Personal Emoluments
379.52 375.44 400.64 383.66 387.66
Goods and Services
169.71 168.80 165.65 185.41 257.84
Interest Payments
146.61 148.74 149.29 149.65 159.88
Domestic
93.94
97.43 98.43 83.47 88.02
External
52.68 51.31 50.86 66.18 71.86
Transfers and Subsidies
187.72 194.94 201.17 228.51 264.52
Of which: Pensions
70.78 73.13 81.54 82.63 88.32
Current Account Balance
17.82 74.03 98.86 100.02 64.29
Capital Revenue
0.18
0.06
0.23
0.15
0.18
Grants
59.48 52.04 21.39 59.47 32.08
Of which: Capital Grants
59.48 52.04 21.39 59.47 32.08
Capital Expenditure and Net Lending
215.07 219.10 143.55 216.25 143.25
Of which: Capital Expenditure
215.07 219.10 143.55 216.25 143.25
Primary Balance before grants
(50.46)
3.73 104.83 33.57 81.10
Primary Balance after grants
9.02 55.77 126.21 93.03 113.18
Overall Balance before grants
(197.07) (145.00)
(44.46) (116.08) (78.78)
Overall Balance after grants
(137.59)
(92.97)
(23.07)
(56.61) (46.70)
Financing
137.59 92.97 23.07 56.61 46.70
Domestic
37.00 (14.25)
(47.45)
(92.47)
98.63
ECCB (net)
(34.10)
(26.69)
(11.26)
59.16 (24.98)
Commercial Banks (net)
(16.72)
(3.76)
(10.48)
(72.36)
43.97
Other
87.83 16.19 (25.71)
(79.28)
79.64
External
100.59 107.22 70.52 149.09 (51.93)
Net Disbursements (Amortisation)
100.59 43.72 70.52 149.09 (51.93)
Disbursements
168.83 119.90 144.59 227.15 196.73
Amortisation
68.24 76.18 74.07 78.06 248.66
Change in Govt. Foreign Assets
-
63.50
-
-
-
Arrears
-
-
-
-
-
Domestic
-
-
-
-
-
External
-
-
-
-
-
Other financing
-
-
-
-
-
Source: Ministry of Finance, Saint Lucia and Eastern Caribbean Central Bank
Data as at 21 February 2019