Publications

Republic Economic Newsletter

Volume 26 No. 4 September 2018
  • Energy Sector Slippage Offset Non-Energy Gains
  • Caribbean Update: Encouraging Signs Despite Ongoing Challenges
  • Eyes On The Prizes
Volume 26 No. 3 June 2018
  • Positive Developments
  • Caribbean Update: How will things unfold?
  • Creating a Business-friendly environment

National Budget

Key Macroeconomic indicators
  • Real GDP growth of 1.9 percent is expected in 2018
  • Expenditure is based on an oil price of US$65.00 per barrel and a gas price of US$2.75 per MMBtu
  • Total Revenue for the fiscal year 2018 was $42.7 billion. Expenditure for 2018 is expected to measure $48.9 billion
  • A fiscal deficit of $6.2 billion (3.9 percent of GDP) is estimated for 2018
  • Total Revenue for the fiscal year 2019 is expected to be $47.724 billion. Expenditure for 2019 is expected to measure $51.776 billion
  • A fiscal deficit of $4.052 billion (2.5 percent of GDP) is projected for 2019
  • The intention is to finance the $4.052 billion deficit from the domestic capital market ($3.826 billion) and external sources ($0.226 billion).

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