$111.8B DEFICIT RECORDED
30-11-2021
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The Government announced today it recorded a $111.8 billion deficit for the seven months ending October 31.
Expenditure for the period was $367.9 billion and revenue was $256.1 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 $816 billion as at the end of October.
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