Shortfall widens

Recurrent revenue in the first three months of this year totalled Lm164.1 million and made up 18.2 per cent of this year's budget forecast, the National Statistics Office said yesterday. Compared to the same period last year, this represents an...

Recurrent revenue in the first three months of this year totalled Lm164.1 million and made up 18.2 per cent of this year's budget forecast, the National Statistics Office said yesterday.

Compared to the same period last year, this represents an increase of Lm12.9 million, or 8.5 per cent.

At the same time total expenditure amounted to Lm225.3 million, an increase of Lm15.9 million, or 7.6 per cent, from the Lm209.5 million expended in the same period in 2004.

The shortfall between recurrent revenue and total expenditure during the quarter under review amounted to Lm61.2 million this year, against Lm58.2 million one year ago.

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