$65.8B DEFICIT RECORDED
31-12-2021
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The Government announced today it recorded a $65.8 billion deficit for the eight months ending November 30.
Expenditure for the period was $420.6 billion and revenue was $325.7 billion. Net proceeds of $29.1 billion were also booked for the issuance of green bonds.
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 $862 billion as at the end of November.
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