State expenditure so far this year has reached USD246.4 million, Ministry of Finance and Planning figures showed.
According to the latest weekly fiscal report released by the Ministry, the state expenditure as on 13 February was 21 percent lower than the USD317.8 million spent in the same period last year.
As the government has significantly cut down on spending, total state expenditure during this period includes USD181.1 million on recurrent expenditure and USD11 million on capital expenses.
Recurrent expenditure included USD71.3 million for salaries and allowances and USD110.2 million for administrative expenses.
Capital spending primarily includes expenditure on infrastructure development projects.
The figures also showed that the State had generated USD285.3 million so far this year, which includes USD246.4 million in tax, USD35.1 million in non-tax revenue and USD1.8 million in grant aid.
Tax revenue mainly consists of revenue from import duty, business and property tax, BPT and goods and service tax, GST.
As of 13 February, state revenue has exceeded government spending by USD84,300, according to the figures.