BY CHARLES STENNETT
The National Government recorded an operating provisional surplus of $40 million in May 2026, improving from the $46 million deficit recorded in April.
The Central Bank’s latest Monthly Economic Bulletin said this positive outcome was driven by higher revenue collections, alongside a decline in total expenditure during the month.
It said, total revenue rebounded by 16 percent to $321 million, reflecting improvements on non-tax revenue especially administration fees and grant receipts.
The Bulletin however said, total expenditure fell by 13 percent to $281 million mainly due to lower pay roll spending.
The Government’s total debt stock increased by 6 percent to $4548 million at the end of May 2026, mainly reflecting additional disbursement from the World Bank and a new infrastructure loan from OPEC Fund for International Development.
Consequently, external debt rose by 9 percent to $3,157 million, while domestic debt edged down by 1percent to $1,392 million due to debt servicing.
In May, total debt servicing amounted to $64 million, comprising $53 million in principal repayments and $11 million in interest charges.
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