Government spending between April and November amounted to $161.7 billion, while revenues were $86.3 billion, resulting in a deficit of $75.4 billion.

There was a surplus of $5.6 billion in November. The improvement was mainly due to profits-tax receipts during the month.

However, the Government said it is too early at this stage to draw any conclusion on the deficit outturn for the full year.

The fiscal reserves stood at $240 billion.