Rise in government shortfall

Recurrent revenue in February totalled Lm97.9 million and made up 10.9 per cent of this year's budget forecast, the National Statistics Office said. Compared to the same period last year, this represents a decrease of Lm3 million, or three per cent. At...

Recurrent revenue in February totalled Lm97.9 million and made up 10.9 per cent of this year's budget forecast, the National Statistics Office said.

Compared to the same period last year, this represents a decrease of Lm3 million, or three per cent.

At the same time, total expenditure, excluding contributions to the sinking funds and direct loan repayments, amounted to Lm144.5 million, an increase of Lm12.4 million, or 9.4 per cent, over the Lm132 million expended in the same period last year.

The shortfall between recurrent revenue and total expenditure in the month under review amounted to Lm46.5 million this year, against Lm31.2 million, a year ago.

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