Government posts K10.8bn fiscal deficit in first quarter

Government posts K10.8bn fiscal deficit in first quarter

By Roy Howa Lilongwe, August 22, MANA: Government recorded a K10.8 billion budget deficit in the first quarter of the 2026/27 financial year, after a sharp improvement in its finances in June helped offset large shortfalls recorded in April and May. A fiscal deficit occurs when government spends more money than it collects in revenue […]