The Government recorded a $119.4 billion deficit for the first seven months of the current financial year.

Expenditure was at $327 billion and revenue at $201.3 billion, resulting in the cumulative year-to-date deficit after receipt of net proceeds of $7.8 billion from issuance of green bonds under the Government Green Bond Programme and repayment of institutional notes of $1.5 billion.

Fiscal reserves stood at $1.0515 trillion as of end-October.