KPI 1. Receipts & Payments Surplus/Deficit are from Schedule C (Click here to view Schedule), the Statement of revenue and expenses of the Central Government of Samoa. Total Revenue Less Total expense equals to Surplus/Deficit for the year. This is the most fundamental indicator of financial health. It shows the difference between incoming cash (receipts) and outgoing cash (payments) during a specific period.
Surplus: Indicates that more money came in than went out, suggesting positive cash flow and potential for savings or investment.
Deficit: Indicates that more money went out than came in, suggesting the entity had to use reserves, borrow, or delay payments.
5 year Trend: While the chart shows a fluctuation in the surplus amounts, we can see that the Samoa government had a surplus in each of the five years shown.
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KPI 2: Project Aid – Cash Grants Received are from Schedule 11.1.1 (Click here to view Schedule)the Statement of Cash receipts & payments for the government of Samoa – Grants. This KPI tracks the amount of grant funding received for specific projects.
5 year Trend:
Overall Trend: The amount of aid received fluctuated over the years. There was a general increase from 2017 to 2020, followed by a decrease in 2021.
2017-2019: Steady Increase: The grants show a healthy upward trend in the years leading up to the pandemic. This suggests that Samoa was likely receiving increasing development aid or support for various projects.
2020: Peak Grant Funding: In 2020, Samoa needed immediate help to deal with the health crisis and economic fallout. So other countries and organizations gave a lot of money (grants) to help with building temporary hospitals and buying medical supplies.
2021: Reduction in Grants: By 2021, the situation was a bit more stable. While Samoa still needed help, the urgent crisis was less intense. The amount of emergency money decreased, and the focus shifted towards helping Samoa recover in the long run.
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KPI 3 - Government Capital Surplus/Deficit – are from Schedule D (Click here to view Schedule), the Statement of Financial Position and Schedule E (click here to view Schedule), the statement of changes in Equity for the Central Government of Samoa.
Capital surplus, in this context, refers to the difference between the government's assets (like buildings, infrastructure, and investments) and its liabilities (like debts). A rising capital surplus means the government's assets are growing faster than its debts.
5-year Trend: The data clearly shows a trend of increasing capital surplus over the five year period 2017-2021. The surplus almost doubled from SAT$880,286,000 in 2017 to SAT$1,507,263,000 in 2021. While COVID-19 had a negative impact on Samoa's economy overall, several factors contributed to an increase in capital surplus including reduced capital spending, project delays due to the pandemic, shifting focus to emergency spending, and increased international support through aid and grants.
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KPI 4 - Cash and Short Term Deposits – are from Schedule 5 (Click here to view Schedule), the Statement of Cash Balances for the Central Government of Samoa (Total Treasury Funds plus Total Development Funds)
5-year Trend: The Chart shows the value of "Cash and Short Term Deposits" in Tala (′000) for five consecutive years. The significant increase over the 5year period points to strong financial management or increased revenue generation.
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KPI 5 – Receivables – represents money owed to the entity by others. In the public sector, this could include:
5year Trend: The chart shows a slight fluctuation in this period. Several factors can cause fluctuations in receivables in this 5year period: Government Policies: (i) Tax changes – changes in tax rates/regulations can affect the amount of money owed to the government (ii) Payment extensions – government sometimes offer extensions to pay taxes/fees especially during crises. This can temporarily reduce receivables. COVID-19's Impact: (i) Business disruptions – lockdowns and restrictions on disrupted businesses’ operations, making it harder for them to pay taxes/fees promptly
(ii) Economic hardship – individuals facing job losses or reduced income may have struggled to meet their tax obligations (iii) Government relief measures – Samoa may have offered tax relief or payment extensions to help people and businesses during the pandemic, which would have affected receivables.
KPI 6 - Term Debts – This refers to loans or debt obligations that are due to be repaid over a specified period of time, usually longer than one year. These could be government bonds, loans from international institutions, or other forms of long-term borrowing.
5year Trend: The trend shows a general decrease in debt over the five years with a slight fluctuation between 2017 and 2018. From a high of $1,113,793,000 in 2018, it dropped $1,004,392,000 in 2021; a $109,401,000 reduction over a span of 5years.
COVID-19 Impact: While COVID-19 led to increased short-term borrowing in many countries, it
indirectly contributed to a decrease in long-term debt in Samoa.
5year Trend: This indicates that the fund is being consistently built up; a positive sign for long-term debt management. From $44,527,000 in 2017, the sinking fund grew to $52,408,000 – a $7,881,000 saving over this 5year period despite the challenges of measles and COVID pandemics. Even during COVID, the government prioritised making consistent contributions to the sinking fund, even if amounts were smaller than usual.
5 year Trend: While the chart shows a fluctuation in the surplus amounts, we can see that the Samoa government had a surplus in each of the five years shown.
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