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National Budget

Key Macroeconomic indicators
  • Real GDP growth of 1.9 percent is estimated for the first quarter of 2019
  • Expenditure is based on an oil price of US$60.00 per barrel and a gas price of US$3.00 per MMBtu
  • Total Revenue for the fiscal year 2019 was $46.56 billion. Expenditure for 2019 is expected to measure $50.50 billion
  • A fiscal deficit of $3.94 billion (2.38 percent of GDP) is estimated for 2019
  • Total Revenue for the fiscal year 2020 is expected to be $47.749 billion. Expenditure for 2020 is expected to measure $53.036 billion
  • A fiscal deficit of $5.287 billion (3.1 percent of GDP) is projected for 2020
  • The intention is to finance the $5.287 billion deficit from the domestic capital market ($3.811 billion) and external sources ($1.476 billion).

Republic Economic Newsletter

Volume 27 No.4 September 2019
  • The Economy Remains in Focus as National Budget Approaches
  • Caribbean Update: Striving For More
  • Time to Bite the Bullet
Volume 27 No.3 June 2019
  • Continued Challenges Bring Flat Performance
  • Caribbean Update: Tourism Spurs Optimism
  • A Healthier Option

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