The Government recorded a $72.8 billion surplus for the year ending March 31, with fiscal reserves standing at $828.5 billion, the Financial Services & the Treasury Bureau said today.
Government expenditure amounted to $396.2 billion for the year and revenue was $478.7 billion.
The overall fiscal position was more favourable than the estimates, largely due to the extraordinary returns from profits tax, salaries tax, stamp duties, and land revenue.