The Ministry of Finance & The Public Service says the government collected $232.2 billion in revenues and grants for April to June this fiscal year — in line with the budgeted target.
However, tax revenues totaled $213.3 billion, which is $1.5 billion, or 0.7 percent, below the projection of $214.8 billion.
The ministry also reports spending $270.4 billion during the period — 18.7 billion, or almost 7 percent, less than planned.
Meanwhile, the fiscal deficit — the gap between revenue and expenditure — was $38.3 billion, which is $18.7 billion, or 33 per cent, lower than projected.
The primary surplus — the amount set aside to service the debt — was $1.2 billion, which was $17.7 billion, or 93 per cent, below the budgeted amount.
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