<<Back to Economic Analysis of Projects: Appendix 18.

Table 2. Effects on Government Budget ('000)

  Year
0 1 2 3 4 5 6 7 8 9 10
A. Before Financing
EXPENDITURES
Investment costs 525,000 525,000 525,000 0 0 0 0 0 0 0 0
Less without O&M 0 0 0 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Net Expenditures 525,000 525,000 525,000 -10,000 -10,000 -10,000 -10,000 -10,000 -10,000 -10,000 -10,000
REVENUES
Investment goods tax 26,250 26,250 26,250 0 0 0 0 0 0 0 0
Net fertilizer import tax -172 -172 -179 19,866 20,986 20,587 23,301 23,951 23,770 23,589 23,589
Total Revenues 26,078 26,076 26,071 19,866 20,986 20,587 23,301 23,951 23,770 23,589 23,589
Net Gov't budget Effect -498,922 -498,924 -498,929 29,866 30,986 30,587 33,301 33,951 33,770 33,589 38,589
Accummulated budget Effect -498,922 -997,846 -1,496,775 -1,466,909 -1,435,923 -1,405,336 -1,372,035 -1,338,084 -1,304,314 -1,270,725 -1,232,137
B. After Financing
Net budget effect -498,922 -498,924 -498,929 29,866 30,986 30,587 33,301 33,951 33,770 33,589 38,589
Net loan payments -309,638 -296,775 -270,610 61,855 61,855 61,855 61,855 61,855 61,855 61,855 68,155
Total Budget Effect -189,284 -202,149 -228,319 -31,989 -30,869 -31,268 -28,554 -27,904 -28,085 -28,267 -23,267
Accummulated effect -189,284 -391,433 -619,752 -651,741 -682,610 -713,879 -742,433 -770,337 -798,422 -826,689 -849,956

Note: Project life extends to 25 operating years.