$20.8b deficit recorded

June 30, 2021

The Government announced today it recorded a $20.8 billion deficit for the two months ending May 31.


Expenditure for the period was $97.1 billion and revenue was $76.3 billion.


The Government said there was a deficit mainly because some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.


Fiscal reserves stood at $907 billion at the end of May.

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