In-Year Budget Fiscal Performance Report (Quarter-One 2023)

In the first three months of 2023 a total revenue of $80.88 million was collected, which  was 8.5% of the annual budget, and 4.6% higher than the revenue collected in the same  period last year. On prorata basis, it should have been 25%, thus the collection for the first  quarter is considered as having underperformed, overall. Domestic revenue brought in  $64.90 million which was 22.9% of the annual budget (still less than the 25% prorata  expectation), and increased by 14.1% compared to the collection in the same period last  year. Donor grants, which were programmed to contribute 70% of the 2023 FGS budget,  brought in $15.98 million in the first three months of the year, representing 2.4% of the  annual budget (far below the 25% prorata expectation), and 21.9% lower than the grants  received in the same period last year. The observed grant receipts of $15.98 m came from  multilateral institutions, and none from bilateral governments. Over the past years the  performance of donor grants in the first quarter has followed more or less a similar trend.