Government shortfall down Lm25m

The shortfall between recurrent revenue and total expenditure in the first nine months of this year amounted to Lm85.4 million, compared to Lm109.9 million a year ago, the National Statistics Office said yesterday. Recurrent revenue totalled Lm606.9...

The shortfall between recurrent revenue and total expenditure in the first nine months of this year amounted to Lm85.4 million, compared to Lm109.9 million a year ago, the National Statistics Office said yesterday.

Recurrent revenue totalled Lm606.9 million and made up 67.4 per cent of this year's budget forecast,. Compared to the recurrent revenue during the same period last year, this represents an increase of Lm68.7 million, or 12.8 per cent.

At the same time, total expenditure, excluding contributions to the sinking funds and direct loan repayments, amounted to Lm692.3 million, an increase of Lm44.3 million, or 6.8 per cent, from the Lm648.1 million expended in the same period in 2004.

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