Overall balances for May to June 2019 was a deficit as total expenditure, caused by a rise in recurrent expenditure was higher than revenue received during the months. However, the overall balance of July 2019 was a surplus with the increase in tax revenue mainly from Business and Property Tax and Grants received during that month although it returned to a deficit again in the month of August 2019.
56.3% of the total Expenditure approved for 2019 was spent by the end of August 2019. Revenue and Grants realized till end of August 2019 was 67.3% of the total projected in the approved Budget 2019.
Largest revenue in August 2019 was from TGST. Other major revenues include Goods and Service Taxes collected from GST and BPT and Import Duties.
"Salaries, Wages and Allowances" make up the majority of spending for August 2019, followed by "Grants, Contributions and Subsidies".
Till end of August 2019, the largest spending through MoF Special Budget was on capital contribution to SOEs, Losses and Write-offs, and subsidies. The highest expenditure by Ministry of Education was for Grants to private parties, such as issuing vouchers for stationery and expenditure on acquiring ICT hardware. Other major spending was from Ministry of Finance and Ministry of National Planning and Infrastructure for infrastructure projects, Ministry of Housing and Ministry of Health and IGMH on medical consumables and NSPA for Social Benefits.