
Government spending hits $222.6b
Consequently, deficit reached $36.5b.
According to a release, government expenditure for the April-October period amounted to $222.6 billion, with revenue of $186.1 billion, resulting in a $36.5 billion deficit, the Financial Services & the Treasury Bureau announced.
There was a surplus of $21.5 billion in the month of October, mainly due to the collection of profits tax.
Fiscal reserves stood at $632.6 billion as at October 31.