ESTIMATES OF REVENUE AND EXPENDITURE 2018-2019

Government of Saint Lucia

ESTIMATES OF REVENUE AND EXPENDITURE 2018-2019

FOREWARD

The Estimates of Revenue and Expenditure provides details of the main thrust of the budget deliverables, and attempts to link the policy choices that government makes with the services that are to be delivered to the citizens. It is underpinned by the principles of programme and performance budgeting introduced as part of the budget reform exercise in the FY 2014-15. The reform focused on strengthening the link between resource allocation, agency spending decisions and government strategic priorities. Therefore, the information contained in this publication is presented in a format that combines resource inputs (financial information) and service delivery commitments (the performance information on outputs and outcomes). The financial year 2018/19 marks the fifth year of the budget reform exercise as St. Lucia continues on the path of enhancing its system of Public Financial Management (PFM). There is still much room for improvement in specifying the output and outcome indicators for programmes as well as the strategies that will enhance performance. It is our hope that with additional training and continued application of this system of budgeting, agencies will be better able to demonstrate the link between the resources and the services to be delivered. To this end, departments and agencies are encouraged to continue to embrace the challenges of aligning resource requirements to demonstrated performance results as well as complying with reporting in the prescribed formats and within the required timelines. Increased transparency and scrutiny through stronger PFM is an imperative, if we are to engender greater financial responsibility and accountability for the funds that we are entrusted with. The Department of Finance is cognizant of the need for the development of a comprehensive Medium-term Expenditure Framework (MTEF) and the integration of a Public Sector Investment Programme (PSIP) within the annual budget planning cycle; and strengthening budget discipline through more robust analysis, improved performance management and reporting. Efforts will intensify during this fiscal year to ensure that significant progress is made toward the realization of these critical elements as we move toward public financial management reform. Throughout 2018/19 we will also continue to work collaboratively with all relevant stakeholders to ensure buy-

i

in and the necessary support which is critical to making the ongoing budget reform exercise a success Except for the transfer of Renewable Energy and the Regional Integration and Diaspora Affairs programmes to the Department of Infrastructure, Ports and Energy and Department of External Affairs respectively, there are no significant changes to the structure of the departments/agencies in the new financial year. As a result, the Estimates of Revenue and Expenditure for 2018/19 will be readily comparable to that of the fiscal year 2017/18. Expenditure priorities for the 2018/19 fiscal year will be focused on physical and human infrastructural development; reforming of processes within the public service, value-added initiatives in agriculture; improving security; enhancing the quality of education to make it internationally competitive; improving access to essential health care services; and tourism product development. The ultimate goal is to ensure that our expenditure policies will significantly improve our medium term growth performance by removing impediments and creating competitiveness. The 2018/19 Estimates of Revenue and Expenditure has been compiled with the latest available information from departmental and other sources. The information is unaudited and as such is subject to revision Finally, the Estimates are the result of the collaborative efforts of staff of the Department of Finance, Department of Economic Development, the Technical and Policy Committees, some sections of the general public and private sector as well as other government departments, including the National Printing Corporation. The Department of Finance is most grateful for the contribution of all of these partners and looks forward to strengthening these relationships as we progress further with the budget reform exercise.

ii

Estimates 2018 - 2019

BUDGET SUMMARY

REVENUE Tax Revenue .............................................................................................. Non-Tax Revenue...................................................................................... Total Recurrent Revenue ........................................................................ Current Revenue (net of refunds)........................................................... Capital Revenue......................................................................................... Grants.......................................................................................................... Total Revenue and Grants.......................................................................

EXPENDITURE

Wages & Salaries..................................................................... Goods & Services .................................................................... Transfers................................................................................. Current Primary Expenditures.............................................................. Interest Charges on Debt......................................................................... Current Expenditure............................................................. Principal Repayment (PR)......................................................................... Refunds Total Recurrent Expenditure.................................................................. Capital Expenditure....................................................................................

Total Expenditure...........................................................

Total Expenditure(Excluding PR and Refunds).........................

Current Surplus/(Deficit)........................................................................... Recurrent Surplus/(Deficit)....................................................................... Primary Surplus/(Deficit)........................................................................... Overall Surplus/(Deficit).........................................................................

GDP (in billions).........................................................................................

Primary Balance as a % of GDP................................................................ Overall Balance as a % of GDP................................................................

NET FINANCING REQUIREMENT External Borrowing..................................................................................... T-bills & Bonds.......................................................................................... Other ........................................................................................................... Total .................................................................................................

2016-17

ACTUAL

2017-18

APPROVED ESTIMATES

2017-18

PROJECTED OUTTURN

958,883,181 86,656,106 1,045,539,288 1,035,408,099 4,540,216 48,144,607 1,088,092,922

957,987,629 115,357,472 1,073,345,100 1,063,181,100

7,446,222 87,429,651 1,158,056,973

969,493,783 94,792,889 1,064,286,672 1,054,173,492 1,161,649 55,448,570 1,110,783,711

2018-19

BUDGET ESTIMATE

1,008,368,634 100,846,666

1,109,215,300 1,098,801,300

7,720,368 69,693,994 1,176,215,662

474,876,879 184,294,618 123,596,596 782,768,093 158,683,251 941,451,344 126,487,058 10,131,188 1,078,069,590 219,831,227 1,297,900,817

1,161,282,571

93,956,756 -32,530,303 85,493,602 -73,189,649

4.47

1.9% -1.6%

490,130,015 214,782,813 141,787,159 846,699,987 170,133,890 1,016,833,877 124,513,023 10,164,000 1,151,510,900 362,141,300 1,513,652,200

1,378,975,177

46,347,223 -78,165,800 -50,784,314 -220,918,204

4.72

-1.1% -4.7%

480,004,090 213,268,902 135,482,161 828,755,154 162,434,544 991,189,698 124,360,250 10,113,180 1,125,663,128 236,439,322 1,362,102,450

1,227,629,020

62,983,793 -61,376,457 45,589,235 -116,845,310

4.69

1.0% -2.5%

501,835,753 231,025,453 142,489,409 875,350,615 180,152,276 1,055,502,891 137,038,409 10,414,000 1,202,955,300 284,627,900 1,487,583,200

1,340,130,791

43,298,409 -93,740,000 16,237,147 -163,915,129

4.89

0.3% -3.4%

29,983,229 161,438,525

8,254,953

199,676,707

84,761,098 257,764,591

2,905,538

345,431,227

30,625,282 206,696,112

3,884,166

241,205,560

67,811,419 233,142,119

0 300,953,538

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CODE

ESTIMATES 2018 - 2019 Estimates 2018 - 2019

SUMMARY OF RECURRENT REVENUE BY ECONOMIC CLASSIFICATION

2016-2017

2017-2018

2017-2018

2018-2019

2019-2020

Approved

Revised

Draft

Forward

ITEM

Actual

Estimates

Estimates

Estimates

Estimates

2020-2021 Forward Estimates

TAX REVENUE

350 TAXES ON INCOME AND PROFITS 351 TAXES ON PROPERTY 352 TAXES ON INTERNATIONAL TRADE 353 TAXES ON DOMESTIC SALES & SERVICES

TOTAL TAX REVENUE

NON TAX REVENUE

268,588,131 12,027,321

446,333,760 231,933,969

263,705,337 11,500,000

463,727,429 219,054,863

262,908,336 12,232,999

468,980,866 225,371,582

269,790,913 6,627,321

501,220,869 230,729,531

264,101,044 6,793,004

519,554,407 239,157,995

269,986,038 12,685,620

538,708,061 247,952,841

958,883,181 957,987,629 969,493,783 1,008,368,634 1,029,606,449 1,069,332,560

360 LICENCES 361 RENTS & INTERESTS 362 FEES, FINES & FORFEITURES 363 USER CHARGES 364 CURRENCY PROFITS 369 OTHER REVENUE

TOTAL NON-TAX REVENUE TOTAL RECURRENT REVENUE

30,854,809 4,663,361

29,475,174 6,249,942 0

15,412,819

26,427,294 4,619,781

73,559,127 6,039,766 0 4,711,503

27,009,194 5,466,930

51,087,396 6,366,883 0 4,862,486

27,427,580 4,504,221

57,118,886 6,793,957 0 5,002,022

30,829,567 4,492,322

80,138,521 6,960,763 0 5,152,777

27,582,439 4,502,045

93,766,907 7,068,239 300,000 5,262,909

86,656,106 115,357,472

94,792,889 100,846,666 127,573,951 138,482,540

1,045,539,288 1,073,345,100 1,064,286,672 1,109,215,300 1,157,180,400 1,207,815,100

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iv

Estimates 2018 - 2019

ESTIMATES 2018 - 2019 SUMMARY OF TOTAL EXPENDITURE

Agency No. Agency 11 Governor General 12 Legislature 13 Service Commissions 14 Electoral Department 15 Audit Department 21 Office of the Prime Minister / Cabinet Office 22 Department of Public Service 32 Attorney General's Chambers 35 Department of Justice 36 Department of Home Affairs and National Security 41 Department of Agriculture, Fisheries, Natural Resources and Cooperatives 42 Department of Commerce, International Trade, Investment, Enterprise Development and 43 DCepartmenAt offf Iinfrastructure, Ports and Energy 44 Department of Finance 45 Department of External Affairs 46 Department of Tourism, Broadcasting & Information 47 Department of Physical Planning 48 Department of Housing, Urban Renewal and Telecommunications 49 Department of Labour 51 Department of Equity, Social Justice, Empowerment and Human Services 52 Department of Education, Innovation and Gender Relations 53 Department of Health and Wellness 54 Department of Youth Development & Sports 55 Department of Sustainable Development 56 Department of Economic Development, Transport and Civil Aviation 57 Department of Local Government, Culture and Creative Industries

TOTAL EXPENDITURE

ESTIMATES 2018-2019

Recurrent

Capital

Total

$ 1,087,600 3,124,300 1,138,100 1,774,600 1,960,600 8,567,100 28,753,400 6,463,800 19,483,900 108,660,700 21,093,600 8,256,400 41,315,400 514,615,600 26,669,600 10,983,700 9,185,500 1,458,700 2,562,100 31,732,600 182,110,300 113,541,900 8,210,100 10,840,000 7,127,300 32,238,400

$

8,054,274 16,092,551

313,844 648,496 2,964,066 26,826,892 1,048,560 51,226,699 10,026,638 513,854 32,032,227 13,915,601 17,944,064

12,936,384 2,450,810 7,949,164 150,000 4,848,151 71,805,909 2,879,716

$

1,087,600 3,124,300 1,138,100 1,774,600 1,960,600 16,621,374 44,845,951 6,777,644 20,132,396 111,624,766 47,920,492 9,304,960 92,542,099 524,642,238 27,183,454 43,015,927 23,101,101 19,402,764 2,562,100 44,668,984 184,561,110 121,491,064 8,360,100 15,688,151 78,933,209 35,118,116

1,202,955,300 284,627,900 1,487,583,200

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ESTIMATES 2018-2019

COMPARATIVE SUMMARY OF RECURRENT EXPENDITURE

EEssttimimaatteEss22001188--22001199 vvi i

Agency

11 Governor General 12 Legislature 13 Service Commissions 14 Electoral Department 15 Audit Department 21 Office of the Prime Minister & Cabinet Office 22 Department of Public Service 32 Attorney General's Chambers 35 Department of Justice 36 Department of Home Affairs and National Security 41 Department of Agriculture, Fisheries, Natural Resources and Cooperatives 42 Department of Commerce, International Trade, Investment, Enterprise Development and

Consumer Affairs 43 Department of Infrastructure, Ports and Energy 44 Department of Finance 45 Department of External Affairs 46 Department of Tourism, Broadcasting & Information 47 Department of Physical Planning 48 Department of Housing, Urban Renewal and Telecommunications 49 Department of Labour 51 Department of Equity, Social Justice, Empowerment and Human Services 52 Department of Education, Innovation and Gender Relations 53 Department of Health and Wellness 54 Department of Youth Development & Sports 55 Department of Sustainable Development 56 Department of Economic Development, Transport and Civil Aviation 57 Department of Local Government, Culture and Creative Industries

ACTUAL (Preliminary)

2016-2017

1,037,645 2,269,170

857,803 1,774,408 1,745,011 9,379,035 27,932,804 6,196,417 16,520,796 104,412,444 20,675,934 11,630,034

OUTTURN

Provisional 2017-2018

APPROVED 2017-2018

$

1,004,951

1,072,600

2,845,851

3,040,400

987,129

1,084,000

1,618,295

1,774,600

1,791,443

1,924,900

9,051,925

8,340,169

27,223,476

27,511,400

13,145,936

6,148,400

16,256,241

18,815,200

104,211,655

107,200,900

19,676,688

20,890,400

7,568,161

8,066,300

REVISED 2017-2018

ESTIMATES

BUDGET 2018-2019

$

$

1,097,542

1,087,600

2,932,200

3,124,300

1,279,883

1,138,100

1,774,600

1,774,600

1,924,900

1,960,600

8,637,669

8,567,100

27,114,229

28,753,400

6,523,969

6,463,800

18,794,697

19,483,900

107,200,900

108,660,700

20,890,400

21,093,600

8,066,300

8,256,400

FORWARD 2019-2020

$

1,087,600 3,124,300 1,138,100 1,774,600 1,960,600 8,567,100 28,624,400 6,463,800 19,483,900 108,660,700 21,093,600 8,256,400

FORWARD 2020-2021

$

1,087,600 3,124,300 1,138,100 1,774,600 1,960,600 8,567,100 28,624,400 6,463,800 19,483,900 108,660,700 21,093,600 8,256,400

26,765,047 446,645,102 23,779,650 12,168,058

7,672,243 1,302,241 2,173,584 27,572,602 176,392,737 104,059,281 5,231,283 9,911,362 6,513,979 23,450,923

40,199,706 461,325,977 26,071,374 14,032,311

8,554,937 1,247,373 2,336,018 28,846,434 177,937,078 106,904,723 5,494,126 10,337,792 5,578,876 31,414,653

42,122,114 476,404,900 26,576,831 14,260,700

8,580,100 1,473,900 2,443,000 28,873,900 179,835,500 110,168,700 5,679,600 10,266,886 6,720,700 32,234,800

42,122,114 474,684,311 26,578,831 14,859,684

9,093,282 1,407,062 2,443,000 28,810,769 180,060,883 110,168,700 5,679,600 10,266,886 6,791,367 32,307,122

41,315,400 514,615,600 26,669,600 10,983,700

9,185,500 1,458,700 2,562,100 31,732,600 182,110,300 113,541,900 8,210,100 10,840,000 7,127,300 32,238,400

41,315,400 523,768,558 26,669,600 10,983,700

9,147,600 1,458,700 2,562,100 25,732,600 182,110,300 114,019,389 8,355,786 10,840,000 7,127,300 32,238,400

41,315,400 548,365,644 26,669,600 10,983,700

9,147,600 1,458,700 2,562,100 25,732,600 182,110,300 114,019,389 6,079,085 10,840,000 7,127,300 32,238,400

TOTAL EXPENDITURE

1,078,069,590

1,125,663,128 1,151,510,900 1,151,510,900 1,202,955,300 1,206,564,532 1,228,884,918

ESTIMATES 2018 - 2019 SUMMARY OF RECURRENT EXPENDITURE BY STANDARD OBJECT CLASSIFICATION

Standard Object Classification

11

Governor General

12

Legislature

13

14

Service Electoral Com'sion

15 Audit

21

Prime Minister

22

Public Service

32

Attorney General

35 Justice

0

36

41

42

43

Home Affairs

Agriculture Commerce Infrastructure

44 Finance

45

External Affairs

101 Personal Emoluments 102 Wages 103 National Insurance Scheme 104 Retiring Benefits 105 Travel & Subsistence 106 Hosting & Entertainment 107 Passages 108 Training 109 Office & General 110 Supplies & Materials 111 Stationery 112 Stamps & Stamped Stationery 113 Utilities 114 Tools & Instruments 115 Communications 116 Operating & Maintenance 117 Rental of Property 118 Hire of Equipment & Transport 119 Reserved 120 Grants & Contributions 124 Subsidies 125 Rewards, Compensation & Incentives 126 Commissions 127 Interest payments & Exchange 128 Loan repayments & Expenses 129 Sinking Fund Contributions 130 Public Assistance 131 Refunds 132 Professional & Consultancy Services 134 Retroactive Wage Settlements 136 Contingency 137 Insurance 138 Advertising 139 Miscellaneous

506,226 1,328,240 109,706 364,643

885,379 6,305

209,289 1,590,955

752,672

6,383

7,620 50,000

114,828 80,000

18,336

23,124 165,826

28,800 40,000

2,727 64,850 17,045

21,743 5,571

5,000 36,160 234,608

6,000 35,000

8,300

53,231 24,817 75,000 130,000

199,000

136,500 44,800

261,900 1,500

112,222

15,800 4,734

128,436 110,054

41,439 326,287

0 800

14,198 22,684

1,200

74,359

1,358

9,500

68,010

17,200

7,500

45,000 416,908

15,427

Totals % of Total Recurrent Expenditure

1,087,600 3,124,300 1,138,100 1,774,600 1,960,600

0.09

0.26

0.09

0.15

0.16

vii

3,308,407 297,760 0 0 685,126 500,000 523,000 54,326 136,534 304,982 0 0 170,888 5,650 171,028 206,266 72,500 3,925

4,247,653 1,087,651

0 0 111,278

20,000 1,219,022

139,682 95,178

1,344,838 49,300

1,229,974 3,245,354 14,518,574

30,000

3,069,232 29,280

127,716 2,000

30,600 167,271

43,504

143,856

95,308 104,581

8,199,198 263,045

813,018

45,815 262,099 191,673

948,836

474,212 870,106 3,076,872

800

77,807,605 11,684,166 1,378,087 3,060,132

1,164,685 2,180,307

478,527 1,334,115 3,372,372

5,600 192,512 375,634

3,109,720 73,500

2,369,830 5,809,912 8,883,465

94,000

0 880,027

0 377,524 488,564 401,520

1,500

860,000 0 0 0 0 0 0 0 0

790,989 0 0

107,419 268,300 100,000

0 0 8,567,100 0.71

16,000

1,072,370 260,926 25,000 40,600

28,753,400 2.39

1,049,313 500,000

1,095,339 4,800 1,000

6,463,800 0.54

2,640,902 13,000

1,606,621 77,703

19,483,900 1.62

434,251 118,000

380,283 500,000

477,343

136,698

1,208,385 546,903

372,483 46,650 10,000

108,660,700 21,093,600

9.03

1.75

3,933,713 13,942

381,064

41,411 42,200 38,500

160,254 86,794 76,100 0 1,500

3,120,210

351,370

6,342 3,000

8,256,400 0.69

6,929,409 4,441,886

772,322

55,200 279,259 5,058,608

9,933,384 47,500

402,234 11,146,219

49,680 1,814,650

158,249

30,000

30,201,201 1,661,783

12,390,000 86,116,949

1,624,997

343,233 1,028,858

254,901 600,000

36,000 2,614,547

46,000 1,501,904 3,418,671 14,801,344

238,700 3,500,000 9,609,876

0 153,500

28,024 180,142,276 125,038,409

12,000,000

10,011,486 1,403,920

256,309 53,039 60,000 4,000

142,000 3,900

10,600 3,000

282,840 3,000

369,483 406,916 2,877,239

5,800

9,973,493

10,000

126,800

10,414,000 3,926,431

113,052

70,000

6,414,300 6,499,696

10,000

678,523 1,000

41,315,400 514,615,600

3.43

42.78

26,669,600 2.22

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