Summary

Overall balances for March to May 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 June 2019 was a surplus.

Budget utilization

43.0% of the total Expenditure approved for 2019 was spent by the end of June 2019. Revenue and Grants realized till end of June 2019 was 49.4% of the total projected in the approved Budget 2019.

Revenue

Largest revenue in June 2018 and 2019 was from Goods and Service Taxes collected from TGST and GGST. Other major revenues include Import Duties and BPT.

Expenditure

Salaries, Wages and Allowances make up the majority of spending for June 2019, followed by Grants, Contributions and Subsidies.

Expenditure by AGA

Till end of June 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.