Government Revenue and Expenditure increased in 4th quarter of 2017

The total Vanuatu government revenue in the December quarter of 2017 stood at Vt7.468-billion, of which 69% is recurrent revenue and 31% were grants received from abroad.

This is according to the Quarterly Statistical Indicators for December 2017, published by the Vanuatu National Statistics Office (VNSO).

The report shows that the total revenue increased over the corresponding quarter in 2016, which was Vt3.521-billion while it declined over the previous quarter, which reached Vt8.372-billion.

It shows that the total government expenditure in the December quarter 2017 stood at Vt7.458-billion, an increased by 78.2% over the corresponding quarter in 2016, which was Vt4.185-billion and 8.1% over the previous quarter, which was Vt 6,896-billion.

Total revenue excluding donors stood at Vt5.135-billion. It increased by 65.2% over corresponding quarter in 2016, which was Vt3.109-billion while it declined by 5.0% over the previous quarter, which was Vt5.406-billion. The total revenue collected from taxes stood at Vt4,187.2 million, an increase of 54.7% over December quarter 2016, which was Vt2.707-billion and 5.1% over the previous quarter, which was Vt3.983-billion.

The total government expenditure in December quarter 2017 stood at Vt7.458-billion. This is an increase of 78.2% over corresponding period in 2016, which was Vt4.185-billion and 8.1% over the previous quarter of Vt6.896-billion, the VNSO December 2017 Quarterly Statistical Indicators shows.

The Compensation of employees made up the highest government expense at 39.9% or Vt2.973-billion in total expenses in December quarter 2017. It showed an increase of 32.0% over corresponding quarter of 2016 of Vt2.253-billion and 28.7% over the previous quarter, which reached Vt2,310-billion.

Expenditure on goods and services was second highest totaling Vt2.139-billion compared to the December quarter of 2016, which was lower at Vt1,248-billion and a decrease also from the previous quarter, which reached Vt2.741-billion.

Jonas Cullwick, a former General Manager of VBTC is now a Senior Journalist with the Daily Post. Contact: jonas@dailypost.vu. Cell # 678 5460922

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