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$20b deficit recorded

June 30, 2016

The Government recorded a $20 billion deficit in May, the Financial Services & the Treasury Bureau announced today.

 

Government expenditure for April to May amounted to $70.7 billion, with revenues of $53.7 billion, bringing the cumulative year-to-date deficit to $17 billion.

 

Fiscal reserves stood at $825.8 billion as at May 31.

 



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