Government Operations Results for April 2022

June 2, 2022

Government Operations Results for April 2022

For the period of April 2022, the GOJ reported Total Revenues & Grants of $50.68 billion, $2.91 billion more than the Government’s projection. This represented a decline of approximately 33% relative to the $75.73 billion recorded for the corresponding period in 2021. ‘Non-Tax Revenue’, ‘Capital Revenue’ and ‘Grants’ underperformed projections during the review period. ‘Non-Tax Revenue’ amounted to $1.81 billion during the review period, $103.80 million less than the budgeted amount. ‘Capital Revenue’ recorded nil relative to the budgeted amount of $3.90 million. While ‘Grants’ closed the period at $324.50 million, $18 million less than the budgeted amount. ‘Tax Revenue’ of $48.45 billion was reported which was 6.7% higher than the budgeted amount. Notably ‘Bauxite Levy’ amounted to $103.10 million, $3.10 million more than the budgeted amount.


Total Expenditure for the period April 2022 amounted to $64.45 billion, $851.10 million less than the budgeted amount of $65.31 billion. Recurrent expenditure which totalled $60.44 billion, accounted for 94% of overall expenditures. Under the recurrent expenditure categories for the review period, the category above the budgeted amount was ‘Wages and Salaries’. This totalled $21.47 billion, 0.6% above the budgeted amount of $21.34 billion. The categories below the budgeted amount included ‘Programmes’ which amounted to $24.46 billion which was $758.70 million or 3% less than budgeted. Similarly, ‘Employee Contribution’ totalled $1.59 billion, which was $138.10 million below the budgeted amount of $1.73 billion. ‘Interest’ totalled $12.91 billion, 1.6% less than budgeted. Additionally, ‘Compensation of Employees’ totalled $23.07 billion, equal to the budgeted amount.

The ‘Fiscal Deficit’ was $13.77 billion, relative to a ‘Projected Deficit’ of $17.54 billion. Additionally, the ‘Primary Deficit Balance’ for the period amounted to $860 million, relative to the ‘Budgeted Primary Deficit Balance’ of $4.42 billion.


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