The state budget expenditure as of 17 July, compared to the same period last year, declined by 17.9 percent while state revenue increase has taken the budget surplus to over USD 64 million so far this year, the Ministry of Finance and Planning figures have shown.
According to the Ministry’s Weekly Fiscal Development Report released state expenditure amounted to USD 1.3 billion as of 17 July which is down 17.9 percent from the USD 1.5 billion spent during the same period last year.
Recurrent expenditure topped total expenditure with USD 1.1 billion but remained 3.5 percent lower than the figure in 2024. Out of the total recurrent expenditure, USD 460.4 million was spent on salaries and pensions while USD 642 million was on administrative expenses.
Structured capital spending by this government has brought capital expenditure down by 61.4 percent from last year - USD 149.2 million compared to USD 382.6 million recorded during the same period last year.
In addition to slashing expenditure, the government’s ongoing fiscal reform efforts have boosted state revenue, with revenue and grants as of 17 July reported at USD 1.3 billion which is 7.9 percent more than the USD 1.2 billion earned during the same period in 2024.