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$72.8b surplus recorded

April 30, 2015

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.

The Budget