Government Finance
Summary of Government Annual Accounts and Budget Forecast* (SBD
millions)
| Summary |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Budget Forecasts |
|
|
|
|
|
|
|
| Total Expenditure |
488.6 |
260.0 |
509.0 |
669.9 |
1240.6 |
1384.7 |
1728.2 |
|
1. Recurrent |
448.9 |
250.0 |
259.0 |
654.9 |
655.0 |
784.6 |
934.9 |
|
a. Pay |
155.0 |
120.0 |
123.0 |
226.8 |
226.8 |
224.1 |
327.4 |
|
b. Other Charges |
223.9 |
102.0 |
97.0 |
350.1 |
310.1 |
397.6 |
409.2 |
|
c. Dept Serves |
70.0 |
28.0 |
39.0 |
78.0 |
78.0 |
101.7 |
135.7 |
| d. Lost Property Payment |
- |
- |
- |
- |
- |
- |
- |
|
e. Budget support |
- |
- |
- |
- |
40.0 |
61.3 |
62.6 |
|
2. Development Expenditure |
39.7 |
10.0 |
250.0 |
15.0 |
585.6 |
600.1 |
- |
|
Total Revenue and Grants |
370.3 |
418.4 |
500.0 |
1026.8 |
1143.8 |
1296.0 |
1742.6 |
|
a. Recurrent Revenue |
264.0 |
250.0 |
259.0 |
500.9 |
590.0 |
749.4 |
949.3 |
|
b. Tax Revenue |
196.6 |
224.6 |
235.0 |
472.1 |
550.0 |
688.1 |
886.7 |
|
c. Non-Tax Revenue |
67.4 |
25.4 |
24.0 |
28.8 |
64.6 |
74.5 |
107.4 |
|
d Lost Property Payments |
- |
- |
- |
- |
- |
- |
- |
|
e. Grants |
106.3 |
168.4 |
241.3 |
525.9 |
538.9 |
501.8 |
704.8 |
|
Fiscal Deficit (domestically financed) |
-224.6 |
10.0 |
250.8 |
169.0 |
|
|
|
|
Actual government Accounts |
|
|
|
|
|
|
|
|
Total Expenditure |
467.1 |
674.1 |
545.7 |
596.4 |
724.6 |
911.1 |
- |
|
1. Recurrent |
358.1 |
547.3 |
374.5 |
493.8 |
605.0 |
824.3 |
- |
|
a. Pay |
182.4 |
167.1 |
170.3 |
173.5 |
232.9 |
248.9 |
- |
|
b. Other Charges |
104.0 |
249.9 |
163.3 |
252.6 |
304.7 |
382.8 |
- |
|
c. Dept Serves |
71.7 |
130.3 |
40.9 |
67.7 |
80.6 |
126.2 |
- |
|
d. Lost Property Payment |
88.6 |
67.4 |
- |
- |
- |
- |
- |
|
e. Budget support |
|
|
|
|
|
|
|
|
2. Development Expenditure |
20.4 |
59.4 |
171.2 |
102.6 |
119.6 |
86.8 |
- |
|
Total Revenue and Grants |
361.4 |
432.5 |
548.8 |
710.9 |
780.4 |
946.2 |
- |
|
a. Recurrent Revenue |
219.9 |
256.3 |
373.5 |
509.9 |
685.9 |
870.0 |
- |
|
b. Tax Revenue |
206.4 |
243.5 |
340.5 |
472.1 |
655.9 |
822.1 |
- |
|
c. Non-Tax Revenue |
13.5 |
12.8 |
33.0 |
37.8 |
88.1 |
131.8 |
- |
|
d. Lost Property Payments |
- |
88.6 |
67.4 |
- |
- |
- |
- |
|
e. Grants |
52.9 |
108.7 |
175.3 |
201.0 |
94.5 |
76.2 |
- |
|
Fiscal Deficit (domestically financed) |
(3.3%) |
(114.9) |
(174.3) |
(217.1) |
|
|
|
|
Difference between Actual Budget (%) |
|
|
|
|
|
|
|
|
Total Expenditure |
2.0% |
178.0% |
7.0% |
11.0% |
|
|
|
|
1. Recurrent |
-20.0% |
119.0% |
45.0% |
-25.0% |
|
|
|
|
a. Pay |
18.0% |
39.0% |
38.0% |
-24.0% |
|
|
|
|
b. Other Charges |
-54.0% |
145.0% |
68.0% |
-28.0% |
|
|
|
|
c. Dept Serves |
2.0% |
365.0% |
5.0% |
-13.0% |
|
|
|
|
d. Lost Property Payment |
0.0% |
0.0% |
0.0% |
0.0% |
|
|
|
|
2. Development Expenditure |
-33.0% |
987.0% |
-32.0% |
584.0% |
|
|
|
|
Total Revenue and Grants |
-2.0% |
3.0% |
10.0% |
-31.0% |
|
|
|
|
a. Recurrent Revenue |
-17.0% |
3.0% |
44.0% |
2.0% |
|
|
|
|
b. Tax Revenue |
5.0% |
8.0% |
45.0% |
0.0% |
|
|
|
|
c. Non-Tax Revenue |
-80.0% |
-50.0% |
38.0% |
31.0% |
|
|
|
|
d. Lost Property Payments |
0.0% |
0.0% |
100.0% |
0.0% |
|
|
|
|
e. Grants + Borrowings |
-50.0% |
-35.0% |
-27.0% |
-62.0% |
|
|
|
|
Fiscal Deficit (domestically financed) |
-99.0% |
-1249.0% |
-31.0% |
28.0% |
|
|
|
|
Memorandum Items |
|
|
|
|
|
|
|
|
Actual Change in Government Domestic Dept |
|
|
|
|
|
|
|
|
Change in Gross Domestic Dept |
49.3 |
35.8 |
24.6 |
32.6 |
|
|
|
|
Change in Net Domestic Dept |
59.0 |
146.0 |
-129.0 |
0.0 |
|
|
|
*: Budget Forecasts are published in February or March of each year by the Ministry of Finance
Source: Central Bank of Solomon Islands- quarterly review June
2007 (p65)
|
Keystats|Disclaimer|
To top