Government Operations Results for March 2021

May 4, 2021

Government Operations Results for March 2021

For the period of April 2020 to March 2021, the GOJ reported Total Revenues & Grants of $575.36 billion, $1.14 billion less than the Government’s projection. This represented a decrease of approximately 12% relative to the $649.76 billion recorded for the corresponding period in 2020. ‘Capital Revenue’ and ‘Grants’ outperformed projections during the review period. ‘Capital Revenue’ ended the period at $352.10 million, $304.10 million more than the budgeted $48.00 million. ‘Grants’ amounted to $7.18 billion during the review period and outperformed the budget by $2.16 billion. Conversely, ‘Non-Tax Revenue’ amounted to $62.14 billion, $257.70 million less than budgeted. ‘Tax Revenue’ of $505.69 billion was reported, $3.20 billion less than budgeted. Notably, $145.30 million was budgeted for ‘Bauxite Levy’ however no provision was made for the period.


Total Expenditure for the period April 2020 to March 2021 amounted to $635.91 billion, $18.60 billion less than the budgeted amount of $654.51 billion. Recurrent expenditure which totalled $586.73 billion, accounted for 92.27% of overall expenditures. Of the recurrent expenditure categories for the review period, the category above the budgeted amount was ‘Wages & Salaries’ which totalled $208.00 billion, 0.04% above the budgeted amount of $207.91 billion. ‘Compensation of Employees’ amounted to $223.00 billion and was $1.80 billion or 0.8% less than budgeted.  Relative to projections, ‘Programmes’ totalled $234.69 billion, 2.8% less than budgeted. Additionally, ‘Employee Contribution’ totalled $15.00 billion, 11.2% less than the budgeted amount of $16.88 billion.

The ‘Fiscal Deficit’ was $60.56 billion, relative to a ‘Projected Deficit’ of $78.02 billion. Additionally, the ‘Primary Surplus Balance’ for the period amounted to $68.48 billion, relative to the budgeted primary surplus of $58.23 billion.


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