Fiscal Statistics
Fiscal statistics presented in this chapter relating government revenue, expenditure and
public debt were obtained from the Comptroller-General’s Department, Ministry of Finance and
the Bureau of the Budget, Office of the Prime Minister.
Government Revenue
The government revenue represents taxes, sales of assets and services, income from
state enterprises and income from other miscellaneous sources including income from revisions
of taxes and fees.
Government Expenditure
Government expenditures for administrative services and other activities are made only
under the authority of an annual Appropriation Act passed by the legislature. If more funds are
needed to cover certain unexpected expenditures or necessary payments during any fiscal year,
the Council of Ministers may submit for consideration the supplementary budget for such
purpose to the parliament.
At the closing of each fiscal year, all government appropriations for the year cease to
function and no payment can be made unless that budget appropriation is:-
1
. the outstanding disbursement, which can be expended after the end of the fiscal year
for the specific purpose, has to be within a period of time fixed in the annual Appropriation Act,
or
2
. the payment is for any services for which fund have been obligated before the end of
the fiscal year. The reserves for encumbrances are to be expended within a period of six months
from the beginning of the next fiscal year. A necessary payment after that has to be approved by
the Ministry of Finance in each case.
