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Finance Ministry says tax revenues fell below April to October target

 
The Ministry of Finance says tax revenues and grants were running at $608.7 billion to $5.5 billion below the amount budgeted for during the period April to October of this fiscal year. 
 
The ministry is also reporting that tax revenues which came in at $505 billion were $2.6 billion lower than the amount it expected to collect during the period. 
 
As a result, it spent only $636.9 billion during the period, although the original plan was to spend $641.26 billion. 
 
The fiscal deficit was running at $27 billion, while the plan was for it to run at $28.2 billion. 
 
The primary balance, the amount of revenue and grants which is set aside to service the debt, was $70 billion, $2.1 billion less than the amount projected. 


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