Mid-term Review of Budget: Revenue stands at 38 percent, spending at 35 percent
Summary
As of mid-January, government's revenue collections stand at 38 percent and expenditure at 35 percent of the annual budget target for the fiscal year, indicating weaker than planned performance.
Key Points
- Government revenue collection is at 38.38 percent of the annual target by mid-January.
- Government spending is at 35.14 percent of the annual budget target as of mid-January.
- Capital expenditure is low at 12.12 percent of the allocated budget.
- Financial management spending accounts for 40.95 percent of its annual allocation by mid-January.
