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The fiscal deficit for the first half of the financial year, from April to September, amounted to $22.7 billion. At the end of this period, fiscal reserves stood at $252.6 billion.
Government spending for the period was $118.2 billion and its revenue totalled $95.5 billion.
The revenue, and thus the deficit, takes into account the $6 billion Toll Revenue Bond and $20 billion Government bonds and notes issued in May and July.
Some major revenue items including salaries and profits taxes are mostly received towards the end of a financial year. It is too early to draw any conclusion on the deficit outturn for the full year.
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