Table 1.
Grenada: Central Government Financing Needs After Hurricane Ivan, 2004-2007 |
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(Assuming
strong fiscal measures and disbursements of donor commitments) |
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|
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|
2004 |
2005 |
2006 |
2007 |
|
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|
|
|
|
|
(In
millions of EC dollars, unless otherwise noted) |
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|
|
|
|
|
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) |
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|
|
|
|
|
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 |
|
|
|
|
|
|
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Sources: Ministry of Finance; and IMF staff
estimates and projections. |
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1/ Includes grants from bilaterals and loans
from multilaterals |