Revenues for the month of April was $1.2M above target with collections of $45.6M as against target of $44.4M. Total revenues collected in April 2015 were $11.9M lower than collections in April of 2014 on account of a huge one off receipt in April of last year.
Grant receipts continue to fall short of its target. In April 2015, total grant receipts were $10.8M less than its target of $16.7M. However, the $5.9M received was more when compared to the $3.3M received in April 2014.
Current expenditure was within target, amounting to $35.5M as against target of $37.8M. The level of current spending in April of this year was $0.7M lower than the corresponding period of last year.
Capital expenditure of EC$14.5M was below its target of $27.0M. This level of capital spending was similar to the level realized in April of 2014.