Government Operations Results for January 2021

March 3, 2021

Government Operations Results for January 2021

For the period of April to January 2021, the GOJ reported Total Revenues & Grants of $446.27 billion, $2.90 billion more than the Government’s projection. This represented a decrease of approximately 14.1% relative to the $519.31 billion recorded for the corresponding period in 2020. ‘Tax Revenue’ and ‘Grants’ outperformed projections during the review period. ‘Tax Revenue’ amounted to $391.21 billion, $2.16 billion more than budgeted. ‘Grants’ amounted to $5.51 billion during the review period and outperformed the budget by $1.34 billion. ‘Non-tax Revenue’ of $49.53 billion was reported, $602.8 million less than budgeted. Notably, no budgeted amount was booked for ‘Bauxite Levy’. ‘Capital Revenue’ closed the period with a provisional amount of $22.10 million, corresponding with the budgeted amount.


Total Expenditure for the period April to January 2021 amounted to $525.41 billion, $2.19 billion less than the budgeted amount of $527.60 billion. Recurrent expenditure which totalled $484.20 billion, accounted for 92.16% 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 $185.81 billion and was $154.0 million or 0.1% more than budgeted while ‘Wages & Salaries’ totalled $173.43 billion, 0.3% above the budgeted amount of $172.93 billion. Relative to projections, ‘Programmes’ totalled $193.75 billion, 0.1% less than budgeted. Additionally, ‘Employee Contribution’ totalled $12.37 billion, 2.7% less than the budgeted amount of $12.72 billion.

The ‘Fiscal Deficit’ was $79.14 billion, relative to a ‘Projected Deficit’ of $84.23 billion. Additionally, the ‘Primary Surplus Balance’ for the period amounted to $25.51 billion, relative to the budgeted primary surplus of $22.60 billion.


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