1H Govt. revenue tops Rs. 900 b mark

Monday, 19 September 2022 02:54 - - {{hitsCtrl.values.hits}}

Government revenue in the first half of this year has crossed the Rs. 900 billion mark to Rs. 918.5 billion, up from Rs. 714.5 billion in the corresponding period of last year according to the Central Bank.

As at end May 2022 revenue was Rs. 812 billion and Rs. 631 billion in April.

Total expenditure and net lending in the first half rose to Rs. 1.82 trillion compared to Rs. 1.5 trillion from a year ago. In May 2022 it stood at Rs. 1.5 trillion and Rs. 1.15 trillion by April.

Overall budget deficit increased to Rs. 902.7 billion compared to Rs. 780.2 billion recorded in the corresponding period of 2021.

Domestic financing increased to Rs. 947.1 billion from Rs. 759 billion a year ago. Foreign financing recorded a net repayment of Rs. 44.4 billion as against a net borrowing of Rs. 21.2 billion.

As per CBSL data, Outstanding central Government debt increased to Rs. 23.3 trillion by end April 2022 from Rs. 17.58 trillion as at end 2021. By end April 2022, total outstanding domestic debt amounted to Rs. 12.44 trillion and the rupee value of total outstanding foreign debt amounted to Rs. 10.86 trillion.