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$2.5b deficit recorded

August 31, 2017

The Government recorded a $2.5 billion deficit in July, the Financial Services & the Treasury Bureau announced today.


It saw expenditure of $35.9 billion and revenues of $33.4 billion during the month.


Government expenditure for the four months ending July 31 amounted to $146.4 billion, with revenues of $179.3 billion, bringing the cumulative year-to-date surplus to $32.9 billion.


Fiscal reserves stood at $986.6 billion as at July 31.