Auditor General's Report on the Public Accounts of Montserrat 2004

43. The Inland Revenue and the Customs Departments continue to be our
major revenue generating departments. They combined to collect $26.06M
or 81% of revenue collected during 2004. An additional $.86M was collected
when compared to collections for 2003.
2.3.5 Special Budgetary Assistance
44. Projected Special Budgetary Assistance for 2004 was stated at
$52,528,800. Actual revenue for this subhead amounted to $63,106,109,
showing an increase of $10,577,309. This increase was given primarily to
meet subventions for transport subsidy; to make part payment on Social
Security Contribution Arrears; and other Emergency Expenditure.
2.3.6 Recurrent Expenditure
45. The Appropriations Act 2004, Ordinance #2 of 2004, authorized
recurrent expenditure amounting to $83,762,800. One Supplementary
Estimate valuing $7,600,000 was issued to meet cost of expenditure as
outlined in paragraph 44. An additional $140,000 was added to meet
statutory obligations under the Consolidated Fund Services.
46. Actual expenditure for the year under review amounted to
$90,440,558.
47. Classifying costs by Ministries and Departments, we note that three
of them recorded increased expenditure over $1M when compared with
actual expenditure in 2003. Departments making up the Ministry of Finance
sub-grouping recorded total increased expenditure of $5.36M, Ministry of
Communications and Works $3.81M while Ministry of Health and Community
Services recorded $1.05M. These increases were to facilitate payment of
Social Security Arrears, increased subventions, investment promotion, and
public welfare services.
48. The chart below highlights the major areas of actual Recurrent
Expenditure incurred by the various Ministries and Departments for the
year under review as compared with 2003. All Departments falling under
the purview of the Ministry of Finance are grouped together, while other
Departments not specifically listed are grouped under Others.
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