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Summary of Government Operations

This section reflects all of the sources and uses of funds typically available to the Government of Barbados during a fiscal year. In particular, it presents a breakdown of the sources of how the Government earns income and how that income is spent. The difference between these sources of income (ie revenue and grants) and their uses (ie expenditure and net lending) is the fiscal balance. The primary balance is the fiscal balance adjusted for interest payments. In particular and as noted in the IMF Pamphlet Series No.49  “The primary balance excludes interest payments from expenditure... It can be said to provide an indicator of current fiscal effort, since interest payments are predetermined by the size of previous deficits.”

The new available tables (sourced from the Accountant General, the Ministry of Finance, and the Central Bank of Barbados) therefore now include:

  • Summary of Government Operations (Table F1)
  • Government Operations – Revenues and Grants (Table F2)
  • Government Operations – Expenditure and Net Lending (Table F3)