Summary

Overall balances in June shows a surplus reflecting revenues received from BPT interim payments and BnPT and balance in August to October fell as revenues realised was lower than expenditure.

Budget utilization

85.0% of the approved expenditure has been utilized up to October 2018 for spending on recurrent and capital expenditure. Revenue and grants realised till October 2018 was 80.6% of projected revenue and grants.

Revenue

Largest revenue in October 2018 and 2017 was from goods and services taxes from collections from TSGT and GGST. Other major revenues include Import Duties.

Expenditure

Majority of spending for the month was for salaries and allowances while a significant portion was spent on grants which includes Aasandha and Subsidies. Other major spending include domestic lending.

Expenditure by AGA

Spending through the special budget was carried out for subsidies, interest, infrastructure projects, lendings and capital contributions to SOEs. Spending by MoE is for stationary vouchers, PSIP and scholarships. Other major spenders include MoHI and MoF for infrastructure projects, MoH on medical consumables and NSPA on social contributions.