$59b surplus recorded
January 31, 2019
The Government recorded a $59 billion surplus in the year ending December 31, the Financial Services & the Treasury Bureau announced today.
It saw expenditure of $380.7 billion and revenue of $439.7 billion during the year.
The favourable financial results were mainly due to land premiums, profits tax and stamp duties.
Fiscal reserves stood at $1.1619 trillion as of December 31.