Deficits choke 2018/19 budget - The Nation Online: Treasury has continued to spend more than the revenue generated in the 2018/19 fiscal year amid declining revenues, figures from the Reserve Bank of Malawi (RBM) show.
The figures show that in the third quarter (January to March 2019) of the fisal year ending June 30, budget deficit widened to K120 billlion or two percent of gross domestic product (GDP), from K96.4 billion or 1.8 percent of GDP in the second quarter (October to December 2018).
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