The report examines the fiscal balance of St. Kitts and Nevis and its relationship to government revenue and expense.
The fiscal position of St. Kitts and Nevis in 2020 comprised government revenue excluding grants of 28.5% of GDP and expense of 26.7% of GDP. Net lending or borrowing was -2.3% of GDP. Relative to the previous year, the balance down by 4.0 percentage points. Tax revenue represented 15.0% of GDP in 2020. Grants and other revenue accounted for 49.3% of total revenue in 2020.
Based on comparable data for 2020, St. Kitts and Nevis ranked 80th of 158 economies by its fiscal balance.
St. Kitts and Nevis Government Budget Balance by Year
Data source: World Bank, World Development Indicators — Net lending (+) / net borrowing (-), % of GDP (GC.NLD.TOTL.GD.ZS); Revenue, excluding grants, % of GDP (GC.REV.XGRT.GD.ZS); Expense, % of GDP (GC.XPN.TOTL.GD.ZS); Net lending (+) / net borrowing (-), current local currency units (GC.NLD.TOTL.CN); Tax revenue, % of GDP (GC.TAX.TOTL.GD.ZS); Grants and other revenue, % of revenue (GC.REV.GOTR.ZS).
License: CC BY-4.0. Retrieved 2026-07-12.
About the Indicators
Net lending (+) / net borrowing (-), % of GDP. The overall government fiscal balance — revenue minus expense minus net acquisition of nonfinancial assets — as a share of GDP.
Revenue, excluding grants, % of GDP. Government revenue from taxes and non-tax sources, excluding grants received from other governments or organizations, as a share of GDP.
Expense, % of GDP. Total government expense — all cash payments for operating activities and transfers — as a share of GDP.
Net lending (+) / net borrowing (-), current local currency units. The overall government fiscal balance in the country’s own currency, at current prices.
Tax revenue, % of GDP. Compulsory transfers to government for public purposes, as a share of GDP.
Grants and other revenue, % of revenue. The share of total government revenue coming from grants and other miscellaneous, non-tax sources.