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National Budget

Key Macroeconomic indicators
  • Real GDP contracted by 6 percent in 2016, as the petroleum sector and non-petroleum sector contracted by 11.1 percent and 1.9 percent, respectively.
  • Real GDP is expected to contract by 2.3 percent in 2017
  • Expenditure is based on an oil price of US$52.00 per barrel and a gas price of $2.75 per mmbtu
  • Total Revenue for the fiscal year 2017 was $37.9 billion. Expenditure for 2017 is expected to measure $50.5 billion
  • A fiscal deficit of $12.6 billion was recorded for 2017
  • Total Revenue for the fiscal year 2018 is expected to be $45.7 billion. Expenditure for 2018 is expected to measure $50.5 billion
  • A fiscal deficit of $4.8 billion (3.1 percent of GDP) is projected for 2018

Republic Economic Newsletter

Volume 25 No. 4 September 2017
  • Shrinking Pains But Things Could Be Worse
  • Caribbean Update: Assessing The Damage
  • Safeguarding Caribbean Tourism
Volume 25 No. 3 June 2017
  • Energy Sector Developments
  • Navigating the State of Flux
  • Global Threats: Regional Opportunities

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