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Total govt spending and revenue collection

Government spending refers to public expenditure on goods and services and is a major component of Gross Domestic Product (GDP).

Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from State-owned enterprises, capital revenues and foreign aid.

Government revenues are part of government budget balance calculation.

The government's spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.

Spending and revenue are at their lowest in July of every year as the month marks the beginning of a new financial year, after budget reading.

June marks the climax of a financial year spending and revenue collections are at their peaks as the revenue collector works overtime to beat the set targets.