Table 1. Grenada: Central Government Financing Needs After Hurricane Ivan, 2004-2007

(Assuming strong fiscal measures and disbursements of donor commitments)


 

2004

2005

2006

2007


 

 

 

 

 

(In millions of EC dollars, unless otherwise noted)

 

 

 

 

 

Total revenue

290.8

302.2

354.4

392.2

Of which

 

 

 

 

Tax revenue

267.3

279.4

319.1

353.2

 

 

 

 

 

Total expenditure

461.2

575.9

598.2

590.7

Of which

 

 

 

 

Personnel emoluments

148.2

154.9

169.7

182.8

Interest payments

71.5

84.5

86.9

90.7

Capital expenditures and net lending

142.5

232.9

228.3

195.2

 

 

 

 

 

Financing requirements (overall balance before grants)

-170.4

-273.7

-243.8

-198.5

 

 

 

 

 

Identified financing

174.5

253.5

150.4

111.8

Domestic

-19.0

0.0

0.0

0.0

 

 

 

 

 

External loans

72.3

29.9

38.0

41.8

Disbursements

131.1

58.1

67.1

72.3

Amortization

-58.8

-28.1

-29.2

-30.5

 

 

 

 

 

Committed donor support 1/

121.1

223.6

112.5

70.0

 

 

 

 

 

Financing gap (US$ millions)

-

7.5

34.6

32.1

 

 

 

 

 

(in percent of GDP)

 

 

 

 

 

Total revenue

24.8

24.7

26.4

27.1

Of which

 

 

 

 

Tax revenue

22.8

22.8

23.8

24.4

 

 

 

 

 

Total expenditure

39.3

47.0

44.5

40.8

Of which

 

 

 

 

Personnel emoluments

12.6

12.6

12.6

12.6

Interest payments

6.1

6.9

6.5

6.3

Capital expenditures and net lending

12.1

19.0

17.0

13.5

 

 

 

 

 

Financing requirements (overall balance before grants)

-14.5

-22.3

-18.2

-13.7

 

 

 

 

 

Identified financing

14.8

20.7

11.2

7.7

Domestic

-1.6

0.0

0.0

0.0

 

 

 

 

 

External loans

6.2

2.4

2.8

2.9

Disbursements

11.2

4.7

5.0

5.0

Amortization

-5.0

-2.3

-2.2

-2.1

 

 

 

 

 

Committed donor support 1/

10.3

18.2

8.4

4.8

 

 

 

 

 

Financing gap

-

1.7

7.0

6.0

 

 

 

 

 

Memorandum items:

 

 

 

 

Total public sector debt

118.4

117.5

117.1

117.6

Real GDP growth

-3.2

1.3

7.4

5.6

 

 

 

 

 


Sources: Ministry of Finance; and IMF staff estimates and projections.

 

 

 

 

 

1/ Includes grants from bilaterals and loans from multilaterals