This is about nine days late, but the Ministry of Finance released the fiscal results for the 10 months ended January 2010.
Of particular note is a massive increase in corporate income tax collections – up a whopping 74% for the month of January 2010, from January 2009. Although month-to-month results will be quite volatile in this category, for the 10 months from April 2008 to January 2009 and April 2009 to January 2010, corporate tax collections are still down 23%. This will inevitably be better in the 2010-2011 fiscal year.
The spending side of the ledger continues to be very high, with 12% growth for the 10 months to date.