Ministry of Finance has revealed the government's revenue has exceeded its expenditures by USD 1 million by the end of the first two months of this year.
The weekly fiscal report issued by the finance ministry indicates that the government has both earned and spent USD 4.2 billion during this period. The fiscal report reveals that the revenue comprises USD 3.6 billion in tax revenue, USD 53 million in non-tax revenue, and USD 1 million in aid received.
Tax earnings include import duty, business and property tax (BPT), goods and services tax (GST), as well as earnings from GST. The breakdown of revenue generation includes USD 30 million from import duties, USD 1.2 billion from BPT, USD 1.8 billion from GST, USD 12 million from green tax, USD 11.7 million from airport service charges, and departure tax.
Expenditures till the end of February totaled USD 415 million, with USD 337 million allocated to recurrent expenses and USD 77 million to capital expenditures. Recurrent expenses cover USD 136 million for salaries and allowances and USD 19 million for administrative work. Capital expenditure primarily encompasses expenses related to structural development. Notably, compared to the same period last year, government expenditures have seen a significant reduction, with USD 532 million spent during the corresponding timeframe.