State revenue progresses, USD1.95 earned up to date

Ministry of finance has reported progress in state revenue, compared to last year. The weekly fiscal report indicates that the state received USD2 billion as of November 28, while USD1.99 billion was collected during the same period last year, including foreign grants. This is a remarkable increase of 1.3%.

Statistics released by the ministry indicated that tax revenue contributed to the greatest boost in revenue. As such, USD1.5 billion was collected as of November 28, while USD1.4 was collected during the same period last year. Meanwhile, it shows that the government received USD441 million as non-tax revenue, including, USD723,000 as capital receipts and USD37.7 million as donations

The revenue generated through tax primarily includes Import Duty, Business and Profit Tax (BPT) and Goods and Services Tax (GST). As such, the government collected USD188 million as Import Duty, USD370 as BPT, USD824 million as GST, USD61.7 million as Green Tax and USD64.9 million as Airport Services Charge and Departure Tax.

Furthermore, the statistics indicates that the state expenditures stood at USD2.8 billion. This includes USD1.9 billion as recurrent expenses and, USD823 million as capital expenditures.