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$42b surplus recorded

January 31, 2011

A surplus of $41.8 billion was recorded in the Government’s financial results for December, bringing the surplus for the nine months ending December 31 to $59 billion.

 

Expenditure for the last nine months last year amounted to $220.2 billion and revenue stood at $279.2 billion.

 

The surplus in December was mainly due to the receipt of $33.8 billion in investment income on fiscal reserves. The revised estimates for the current financial year will be published along with the 2011-12 Budget on February 23.

 

Fiscal reserves stood at $579.3 billion, as at December 31.

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