Mid-Year Budget 2017-2018 Midyear Budget 2017-2018 final | Page 8

F I S C A L S Fiscal
UMM
A R Y 2 2017/18
017/18
Summary
Descripon
Budget 2017/18 Provisional Actual Provisional Actual
Jul - Dec. 2016
Jul - Dec. 2017
1. Recurrent Expenditure 2675.8 1241.8 1790.2
2. Recurrent Revenue 2150.3 855.8 880.6
3. Recurrent Balance (2-1) -525.5 -386.0 -909.6
229.7 152.2 75.8
0.0 0.0 0.0
6. Capital Balance (5-4) -229.7 -152.2 -75.8
7. Total Deficits (3+6) -755.2 -538.2 -985.4
8. Debt Redempon 432.7 247.9 787.4
-322.5 -290.3 -198.0
4. Capital Expenditure
5. Capital Revenue
9. GFS Deficit (7-8)
MEMORANDUM
Recurrent Expenditure Adjustment
2016/17 Cellular Liberalizaon - Payment on behalf of NEWCO 62,517,459
2016/17 Bank of Bahamas - Subscripon & Conngent Converble Bond 49,976,167
2017/18 Item 1: The elevated outturn reflected the Government’s decision to repay
short-term credit facilities from the proceeds of the $750 million international
bond issue.
Capital Expenditure Adjustment
2016/17 Naonal Disaster Relief Loan
2017/18 Bahamas Resolve
8,868,884
69,000,000
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2017/2018 MID-YEAR BUDGET PERFORMANCE