Government Finances and the Economy

Based on the analysis of the fiscal reports for the months of January, February and March, Government finances were favorable during the first quarter of 2022. This was influenced by the receipt of a ‘one off payment in the form of dividends’ of $17.5M, budgetary support in the form of grants of $81M and increases in tax revenue; combined with less than planned current or operational expenditure. Capital spending was higher than planned, but the government achieved an overall surplus.