Government Operations Results for February 2021

April 6, 2021

Government Operations Results for February 2021

For the period of April to February 2021, the GOJ reported Total Revenues & Grants of $490.16 billion, $1.38 billion more than the Government’s projection. This represented a decrease of approximately 13% relative to the $563.27 billion recorded for the corresponding period in 2020. ‘Non-Tax Revenue’, ‘Capital Revenue’ and ‘Grants’ outperformed projections during the review period. ‘Non-Tax Revenue’ amounted to $52.54 billion, $244.90 million more than budgeted. ‘Capital Revenue’ ended the period at $352.10 million, $330.00 million more than the budgeted $22.10 million. ‘Grants’ amounted to $6.23 billion during the review period and outperformed the budget by $1.64 billion. Conversely ‘Tax Revenue’ of $431.04 billion was reported, $840.80 million less than budgeted. Notably, no budgeted amount was booked for ‘Bauxite Levy’.


Total Expenditure for the period April to February 2021 amounted to $576.51 billion, $17.44 billion less than the budgeted amount of $593.95 billion. Recurrent expenditure which totalled $531.98 billion, accounted for 92.28% of overall expenditures. Of the recurrent expenditure categories for the review period, the categories above the budgeted amount were ‘Compensation of Employees’ and ‘Wages & Salaries’. ‘Compensation of Employees’ amounted to $204.64 billion and was $242.8 million or 0.1% more than budgeted while ‘Wages & Salaries’ totalled $190.96 billion, 0.3% above the budgeted amount of $190.32 billion. Relative to projections, ‘Programmes’ totalled $208.17 billion, 3.8% less than budgeted. Additionally, ‘Employee Contribution’ totalled $13.68 billion, 2.9% less than the budgeted amount of $14.08 billion.

The ‘Fiscal Deficit’ was $86.36 billion, relative to a ‘Projected Deficit’ of $105.17 billion. Additionally, the ‘Primary Surplus Balance’ for the period amounted to $32.81 billion, relative to the budgeted primary surplus of $21.64 billion.


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