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Republic Economic Newsletter

Volume 32 No.4 September 2024
  • A Negative Performance Amid Continued Constraints
  • The Seasonal and the Transformational
  • Ghana - Recent Economic Performance and Outlook
Volume 32 No.3 June 2024
  • The Tepid Growth Trend Continues
  • Caribbean Update: A Positive Performance Despite a Mix of Influences
  • Haiti: The travails of the first Black Republic Part 2
Volume 32 No.2 March 2024
  • A Positively Tepid Performance
  • Caribbean Update: Caribbean Tourism Industry 2023
  • Haiti: The travails of the first Black Republic
Volume 32 No.1 December 2023
  • Non-Energy Energy
  • Caribbean Update: Continued Growth Accompanies Record Heat
  • Slower Growth amid Global Uncertainty

National Budget

Key Macroeconomic Indicators
  • Real GDP grew by 1.3 percent in 2023
  • A fiscal deficit of 3.5 percent of GDP is expected for 2024
  • Real GDP is expected to increase by 1.9 percent in 2024
  • Expenditure is based on an oil price of US$ 77.80 per barrel and a gas price of $3.59 per mmbtu
  • Total Revenue for the fiscal year 2025 is expected to be $54.224 billion. Expenditure for 2025 is expected to measure $59.741 billion
  • A fiscal deficit of $ 5.517 billion (2.91 percent GDP) is expected for 2025
  • Expected Revenue of $54.224 billion comprises oil revenue of $14.174 billion, non-oil revenue of $ 35.039 billion and capital revenue of $4.011 billion
  • The net asset value of the Heritage and Stabilisation Fund as of September 2024 is US$ 6.1 billion

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