Summary

Overall balances from August to December shows a deficit as revenues realised during these periods was lower than expenditure.

Budget utilization

100% of the approved expenditure has been utilized up to December 2018 for spending on recurrent and capital expenditure. Revenue and grants realised till December 2018 was 96.7% of projected revenue and grants.

Revenue

Largest revenue in December 2018 and 2017 was from goods and services taxes from collections from TGST 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.