Fiscal year 2021 has recorded the only surplus since the Ministry of Finance (MoF) started publishing its accounts in 1998. The surplus is beyond the expectations of the International Monetary Fund (IMF) which requires a reduction in the deficit relative to GDP. But this apparent improvement is illusory, according to the Minister of Finance, because the budget figures have sustainably shrunk as percentages of GDP causing huge public finance losses.
37 percent surge in revenues
The 2021 fiscal surplus reached LL2.2 trillion ($138 million at an average exchange rate of LL15,900 in 2021)
