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A $900 million deficit was recorded in the Government's financial results for June, resulting in a $10.3 billion deficit for the financial year's first three months.
The Financial Services & the Treasury Bureau said $26.4 billion in revenue was collected in June, while the Government spent $27.3 billion.
The deficit for the period was mainly because some major types of revenue, including salaries and profits taxes, were mostly received towards the end of a financial year.
Spending for the three-month period ended June 30 was $71.1 billion and revenue was $60.8 billion. Fiscal reserves stood at $509.9 billion at the end of June.
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