Government Operations Results for August 2021

October 04, 2021

Government Operations Results for August 2021

For the period of April to August 2021, the GOJ reported Total Revenues & Grants of $269.36 billion, $17.31 billion more than the Government’s projection. This represented an increase of approximately 6.9% relative to the $200.06 billion recorded for the corresponding period in 2020. ‘Tax Revenue’, ‘Capital Revenue’ and ‘Grants’ outperformed projections during the review period. ‘Tax Revenue’ amounted to $218.03 billion, $17.93 billion more than budgeted. ‘Capital Revenue’ amounted to $826.30 million during the review period, while ‘Grants’ closed the period at $3.20 billion, $1.54 billion more than the budgeted amount. ‘Non-tax Revenue’ of $47.30 billion was reported, $2.99 billion less than budgeted. Notably, no budgeted amount was booked for ‘Bauxite Levy’.


Total Expenditure for the period April to August 2021 amounted to $284.18 billion, $9.69 billion less than the budgeted amount of $293.87 billion. Recurrent expenditure which totalled $261.72 billion, accounted for 92.10% of overall expenditures. Of the recurrent expenditure categories for the review period, the categories above the budgeted amount were ‘Employee Contribution’ and ‘Interest’. ‘Employee Contribution’ amounted to $8.88 billion which was $696 million or 8.5% more than budgeted. ‘Interest’ totalled $56.05 billion, 3.5% above the budgeted amount of $54.14 billion. Conversely ‘Compensation of Employees’ totalled $98.38 billion, $687.90 million below the budgeted amount of $99.07 billion. ‘Programmes’ totalled $107.28 billion, 5.5% less than budgeted. Additionally, ‘Wages & Salaries’ totalled $89.51 billion, 1.5% less than the budgeted amount of $90.89 billion.

The ‘Fiscal Deficit’ was $14.82 billion, relative to a ‘Projected Fiscal Deficit’ of $41.82 billion. Additionally, the ‘Primary Surplus Balance’ for the period amounted to $41.23 billion, relative to the ‘Budgeted Primary Surplus Balance’ of $12.32 billion.


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