Treasury explains Q3 budget deficit - The Nation Online

Treasury explains Q3 budget deficit - The Nation Online: Treasury explains Q3 budget deficit
Grace Phiri June 12, 2019 0 Comment
Treasury says reduced domestic revenue collection in the third quarter (January to March) of this fiscal year ending June 30 is largely due to under-collection in some of the tax lines.

The explanation comes in the wake of widening budget deficit of K120 billion or two percent of gross domestic product (GDP) in the third quarter, from K96.4 billion or 1.8 percent of GDP in the second quarter (October to December 2018).