Government Operations Results for June 2021

August 04, 2021

Government Operations Results for June 2021

For the period of April to June 2021, the GOJ reported Total Revenues & Grants of $175.38 billion, $11.58 billion more than the Government’s projection. This represented an increase of approximately 43% relative to the $122.65 billion recorded for the corresponding period in 2020. ‘Tax Revenue’ and ‘Capital Revenue’ outperformed projections during the review period. ‘Tax Revenue’ amounted to $131.30 billion, $12.14 billion more than budgeted. ‘Capital Revenue’ amounted to $778.20 million during the review period. ‘Non-tax Revenue’ of $42.76 billion was reported, $826.7 million less than budgeted. “Grants” closed the period at $538.9 million, $517.2 million less than the budgeted amount. Notably, no budgeted amount was booked for ‘Bauxite Levy’ and ‘Capital Revenue’.


Total Expenditure for the period April to June 2021 amounted to $165.66 billion, $7.59 billion less than the budgeted amount of $173.25 billion. Recurrent expenditure which totalled $147.69 billion, accounted for 89.15% of overall expenditures. Of the recurrent expenditure categories for the review period, the categories above the budgeted amount were ‘Employee Contribution’, ‘Interest’ and ‘Compensation of Employees’. ‘Employee Contribution’ amounted to $5.97 billion and was $380.6 million or 6.8% more than budgeted. ‘Interest’ totalled $24.85 billion, 4.5% above the budgeted amount of $23.78 billion. While ‘Compensation of Employees’ totalled $59.76 billion, $8.20 million above the budgeted amount of $59.75 billion. Conversely, ‘Programmes’ totalled $63.09 billion, 11.9% less than budgeted. Additionally, ‘Wages & Salaries’ totalled $53.79 billion, 0.7% less than the budgeted amount of $54.16 billion.

The ‘Fiscal Surplus’ was $9.72 billion, relative to a ‘Projected Deficit’ of $9.45 billion. Additionally, the ‘Primary Surplus Balance’ for the period amounted to $34.56 billion, relative to the budgeted Primary Surplus of $14.33 billion.


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