Economic analysis of the 2014/15, Budget of Belize what are the main revenue sources are they sustainable in the context of fueling development evaluate the expenditures is there a surplus or deficit, how is it funded implications for sustainable economic development

Transcribed Image Text:

TOTAL REVENUES AND GRANTS TOTAL REVENUE RECURRENT REVENUE TAX REVENUE Income and profits of which: Petroleum taxation Taxes on property Taxes on Int'l trade & transactions of which: Import duties Taxes on goods and services of which: GST NON-TAX REVENUE Property Income Licenses Royalties of which: Petroleum royalties Ministries/Departments of which: Oil working interest Repayment of old loans CAPITAL REVENUES GRANTS TOTAL EXPENDITURES RECURRENT EXPENDITURE Personal Emoluments Pensions Goods & Services Subsidies & Current Transfers [Interest Payments CAPITAL EXPENDITURES Capital II Expenditures Capital III Expenditures Capital Transfers & Net Lending RECURRENT SURPLUS/[DEFICIT] PRIMARY SURPLUS/[DEFICIT] As Percentage of GDP OVERALL SURPLUS/[DEFICIT] As Percentage of GDP AMORTIZATION FINANCING: BUDGET OUTTURN 2012/2013 APPROVED PROTECTED BUDGET OUTTURN 2013/2014 2013/2014 837,375,770 872,475,395 900,594,062 816,034,765 831,393,882 860,594,062 811,415,600 826,342,818 855,485,716 703,685,147 727,016,589 747,447,432 232,071,622 233,781,598 240,719,852 32,176,255 31,410,125 18,007,768 4,896,600 7,154,307 5,901,295 5,714,168 14,770,480 27,330,047 14,568,896 32,237,246 6,500,000 27,678,511 4,619,165 21,341,005 854,001,007 188,768,121 203,465,365 141,173,075 153,751,378 277,948,804 282,615,319 214,141,915 218,288,840 237,124,953 107,730,453 99.326,229 6,869,848 15,818,232 30,339,436 12,320,000 199,561,366 152,290,470 301,264,919 315,298,866 247,000,000 108,038,284 15,301,791 14,287,817 37,954,993 8,605,664 36,877,337 10,514,000 9,421,376 5,051,064 5,108,346 41,081,513 40,000,000 933,840,919 974,637,521 48,338,017 35,174,837 1.04% 39,429,042 12,542,791 1,064,640 DRAFT BUDGET 2014/2015 956,149,756 910,149,756 904,913,701 784,069,372 250,824,836 16,675,731 5,862,025 86,150,964 3,123,018 212,083,645 162,559,596 120,844,329 15,463,972 15,165,785 45,693,853 8,600,000 35,351,820 8,200,000 706,726,240 778,004,801 780,222,243 298,153,525 313,155,625 312,005,434 54,489,377 55,230,406 54,788,668 165,745,287 181,049,248 173,008,990 130,593,924 132,029,161 133,452,141 57,744,127 96,540,361 106,967,010 147,274,767 155,836,118 194,415,278 66,199,409 67,471,148 105,141,296 77,810,897 85,241,952 3,264,461 3,123,018 104,689,360 75,263,473 41,118,890 32,923,551 1.30% 1.02% (16,625,237) (61,365,524) (74,043,459) -0.53% -1.82% -2.29% (61,199,000) (64,470,000) (62,977,000) (69,411,000) (77,824,237) (125,835,524) (137,020,459) (126,465,587) 9,168,899 5,236,055 46,000,000 1,013,204,343 821,797,672 332,352,527 57,781,636 196,541,284 142,795,820 92,326,405 191,406,671 105,894,006 82,420,877 3,091,788 83,116,029 35,271,818 1.05% (57,054,587) -1.70% TOTAL REVENUES AND GRANTS TOTAL REVENUE RECURRENT REVENUE TAX REVENUE Income and profits of which: Petroleum taxation Taxes on property Taxes on Int'l trade & transactions of which: Import duties Taxes on goods and services of which: GST NON-TAX REVENUE Property Income Licenses Royalties of which: Petroleum royalties Ministries/Departments of which: Oil working interest Repayment of old loans CAPITAL REVENUES GRANTS TOTAL EXPENDITURES RECURRENT EXPENDITURE Personal Emoluments Pensions Goods & Services Subsidies & Current Transfers [Interest Payments CAPITAL EXPENDITURES Capital II Expenditures Capital III Expenditures Capital Transfers & Net Lending RECURRENT SURPLUS/[DEFICIT] PRIMARY SURPLUS/[DEFICIT] As Percentage of GDP OVERALL SURPLUS/[DEFICIT] As Percentage of GDP AMORTIZATION FINANCING: BUDGET OUTTURN 2012/2013 APPROVED PROTECTED BUDGET OUTTURN 2013/2014 2013/2014 837,375,770 872,475,395 900,594,062 816,034,765 831,393,882 860,594,062 811,415,600 826,342,818 855,485,716 703,685,147 727,016,589 747,447,432 232,071,622 233,781,598 240,719,852 32,176,255 31,410,125 18,007,768 4,896,600 7,154,307 5,901,295 5,714,168 14,770,480 27,330,047 14,568,896 32,237,246 6,500,000 27,678,511 4,619,165 21,341,005 854,001,007 188,768,121 203,465,365 141,173,075 153,751,378 277,948,804 282,615,319 214,141,915 218,288,840 237,124,953 107,730,453 99.326,229 6,869,848 15,818,232 30,339,436 12,320,000 199,561,366 152,290,470 301,264,919 315,298,866 247,000,000 108,038,284 15,301,791 14,287,817 37,954,993 8,605,664 36,877,337 10,514,000 9,421,376 5,051,064 5,108,346 41,081,513 40,000,000 933,840,919 974,637,521 48,338,017 35,174,837 1.04% 39,429,042 12,542,791 1,064,640 DRAFT BUDGET 2014/2015 956,149,756 910,149,756 904,913,701 784,069,372 250,824,836 16,675,731 5,862,025 86,150,964 3,123,018 212,083,645 162,559,596 120,844,329 15,463,972 15,165,785 45,693,853 8,600,000 35,351,820 8,200,000 706,726,240 778,004,801 780,222,243 298,153,525 313,155,625 312,005,434 54,489,377 55,230,406 54,788,668 165,745,287 181,049,248 173,008,990 130,593,924 132,029,161 133,452,141 57,744,127 96,540,361 106,967,010 147,274,767 155,836,118 194,415,278 66,199,409 67,471,148 105,141,296 77,810,897 85,241,952 3,264,461 3,123,018 104,689,360 75,263,473 41,118,890 32,923,551 1.30% 1.02% (16,625,237) (61,365,524) (74,043,459) -0.53% -1.82% -2.29% (61,199,000) (64,470,000) (62,977,000) (69,411,000) (77,824,237) (125,835,524) (137,020,459) (126,465,587) 9,168,899 5,236,055 46,000,000 1,013,204,343 821,797,672 332,352,527 57,781,636 196,541,284 142,795,820 92,326,405 191,406,671 105,894,006 82,420,877 3,091,788 83,116,029 35,271,818 1.05% (57,054,587) -1.70%

Answer rating: 100% (QA)

Introduction Finance and accounting are two different fields from each other but most of the time both of these fields have been termed as common one Pamela P Peterson 2010 Accounting is the name of i... View the full answer