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2018 Economic and Financial Review
ST
ATISTICAL TABLES
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160
Eastern Caribbean Central Bank
2014
2015
2016
2017
2018ᴾ
Current Revenue
535.19
518.82
592.58
582.64
594.57
Taxes on Income and Profits
140.03
129.70
155.83
150.93
147.65
Individuals
71.65
70.43
77.80
81.07
77.80
Corporate
40.18
46.31
64.89
56.08
54.29
Non Resident
28.21
12.96
13.14
13.79
15.56
Taxes on Property
34.49
29.02
45.11
50.76
37.43
Taxes on Domestic Goods and Services
181.55
201.02
234.24
232.89
254.91
of which:
TelecommBroadcast licence
4.17
7.43
0.85
3.07
3.67
Excise Tax
33.04
35.29
41.32
41.42
41.26
Value Added Tax
110.83
115.14
153.85
149.29
170.29
Motor Vehicle Licence
10.17
10.79
13.11
13.66
14.14
Taxes on International Trade and Transactions
79.34
84.07
62.98
71.26
69.76
of which:
Import Duties
49.35
52.27
56.72
54.10
60.23
Other Revenue
99.77
75.01
94.42
76.79
84.82
Current Expenditure
508.92
512.90
514.63
563.61
573.53
Compensation of Employees
260.11
268.87
275.14
280.81
288.02
Use of Goods and Services
73.95
73.26
64.24
78.14
73.95
Interest Payments
45.67
44.84
42.73
49.74
49.89
Domestic
18.37
17.97
14.93
18.62
18.87
External
27.29
26.87
27.79
31.12
31.02
Transfers and Subsidies
122.31
120.12
118.74
132.30
139.14
of which:
Other Grants and Contributions
54.59
51.73
42.63
50.79
60.73
Employment Related Social Benefit
46.45
49.00
50.84
59.40
57.51
Current Account Balance
26.27
29.32
77.95
19.02
21.04
Capital Revenue
9.46
26.09
20.26
5.83
0.96
Grants
Of which: Capital Grants
9.34
28.02
25.72
28.67
23.49
Capital Expenditure
107.62
86.24
78.16
88.65
68.39
Primary Balance before grants
(34.26)
(10.96)
62.77
(14.06)
3.51
Primary Balance after grants
5.22
40.46
88.50
14.61
27.00
Overall Balance before grants
(55.79)
20.05
(63.79)
(46.39)
Overall Balance after grants
(40.45)
(4.37)
45.77
(35.12)
(22.89)
Financing
40.45
4.37
(45.77)
35.12
22.89
Domestic
(120.86)
(52.30)
(87.71)
43.33
(20.19)
Central Banks (net)
2.18
6.73
(1.57)
0.77
3.85
Commercial Banks (net)
22.35
15.82
(49.17)
33.98
7.26
Other
(145.38)
(74.85)
(36.97)
8.58
(31.30)
External
150.04
85.65
65.58
(8.82)
23.52
Net Disbursements/(Amortisation)
150.04
85.65
65.58
(8.82)
23.52
Disbursements
192.51
131.19
114.21
55.83
87.12
Amortisation
42.47
45.54
48.63
64.65
63.60
Change in Govt. Foreign Assets
0.00
0.00
0.00
0.00
0.00
Arrears
11.26
(28.98)
(23.64)
0.61
19.57
Domestic
11.26
(28.98)
(23.64)
0.61
19.57
External
0.00
0.00
0.00
0.00
0.00
Other Financing
0.00
0.00
0.00
0.00
0.00
Source: Ministry of Finance and Economic Planning, St Vincent and the Grenadines and Eastern Caribbean Central Bank
Data as at 14 February 2019
Table 40
St Vincent and the Grenadines - Central Government Fiscal Operations
(In millions of Eastern Caribbean dollars)
VAT is a tax on goods and services therefore all receipts including those payable on imports of goods and services have been
consolidated under Taxes on Domestic Goods and Services