Treasury records K90 billion deficit in first quarter - The Times Group Malawi: reasury recorded a budget deficit of K90.61 billion during the first quarter of the 2019/20 financial year, a development rated by economists as worrisome.
Figures contained in the Reserve bank of Malawi (RBM)’s Monetary Policy Public Report for November 2019 show that total revenues in the first quarter were recorded at K296.20 billion, representing 4.96 percent of Gross Domestic Product (GDP).
Of the amount, K276.93 billion was domestic revenues while K15.52 billion was grants.
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