REVIEW OF THE ECONOMY 2013
83
SUSTAINING GROWTH, SECURING PROSPERITY
APPENDICES
APPENDIX 21
CENTRAL GOVERNMENT FISCAL OPERATIONS
/TT$ MILLIONS/
Oct '07/
Sep '08
Oct '08/
Sep '09
Oct '09/
Sep '10
Oct '10/
Sep '11
Oct '11/
Sep '12
r
Oct '12/
Sep '13
p
Total Revenue and Grants
56,847.8 39,044.8 43,862.9 47,500.6 49,277.9 52,984.8
Recurrent Revenue
56,810.3 38,993.4 43,632.0 47,213.6 49,234.5
52,497.3
of which:
Oil Revenue *
29,910.0 15,772.7
17,844.9
20,146.7
19,811.8 20,106.0
Tax Revenue
51,689.5 32,536.6
37,074.4
42,017.3 43,568.8 45,150.6
Non-Tax Revenue
5,120.8
6,456.8
6,557.6
5,196.3
5,665.7
7,346.7
Capital Receipts
22.4
31.0
230.9
45.0
42.2
406.8
Grants
15.1
20.4
0.0
242.0
1.2
80.7
Total Expenditure and Net
Lending
53,873.3 45,730.8 46,701.4 51,492.4 52,806.9 59,470.2
Recurrent Expenditure
43,738.8 36,683.4 40,302.2
43,914.9 45,068.9
50,467.1
Capital Expenditure and
Net Lending
10,134.5
9,047.4
6,399.2
7,577.5
7,738.0
9,003.1
Current Account Balance
13,071.5
2,310.0 3,329.8
3,298.7
4,165.6 2,030.2
Overall Surplus/(Deficit)
2,974.5 -6,686.0 -2,838.5 -3,991.8 -3,529.0 -6,485.4
Financing Requirements
-2,974.5
6,686.0 2,838.5
3,991.8
3,529.0 6,485.4
External Financing (net)
796.7
33.0
-754.1
545.2
1,054.1
2,502.9
Domestic Financing (net)
-3,771.2
6,653.0
3,592.6
3,446.6
2,474.9
3,982.5
Source: Budget Division, Ministry of Finance and the Economy
r : revised
p : provisional
* Oil Revenue consists of Taxes from Oil Companies, 15 percent Withholding Tax, Royalties on Oil and Gas, Shares of Profits from Oil
Companies under Production Sharing Contracts, Oil Imposts, Signature Bonuses- Competitive Bidding and Unemployment Levy (Oil)
