By NEIL HARTNELL

Tribune Business Editor

The Government's fiscal deficit increased year-over-year by 37.5 per cent or $17.4 million during the first two months of its 2010-2011 financial year, hitting $63.8 million, as both revenues and spending continued to move in the wrong direction.

The Central Bank of the Bahamas' report on monthly economic and financial developments for August, released yesterday, revealed that depressed economic activity resulted in a drop in both import demand and real estate transactions during the July-August 2010 period, causing a $4.9 million or 2.6 per cent decline in total revenues to $182.8 million.

And, on the other side, the Government's combin ...

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