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ASG is spending more than it is collecting
Friday,
May 2, 2008
According to Treasury’s monthly financial review for the month of February, ASG spending was still outpacing revenue collection.
For every $1 collected, the government was spending $1.32, actual revenues collected for the month of February was $4.7 million. Actual expenditures totaled $6.2 million. Customs raked in $1.6 million, an increase over customs collections for February of 2007 when $1.2 million was collected. The Tax office collected $1.1 million, which was about the same amount it raised in February of last year. The Revenue Division collected $300,000, a slight increase over its February 2007 collections of $284,000. Port Administration raised $255,000, a marked improvement over its earnings from February of last year, of $148,000.
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