$53.4b surplus recorded

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$53.4b surplus recorded

The Government recorded a $53.4 billion surplus in December, the Financial Services & the Treasury Bureau announced today. 

 

Expenditure was $40.95 billion with revenue at $94.34 billion for the month.

  

Government expenditure for the nine months ending December 31 amounted to $340.9 billion, with revenue at $451.5 billion, bringing the cumulative year-to-date surplus to $110.6 billion.

  

Fiscal reserves stood at $1.06 trillion as of December 31.

  

Revised estimates for the current financial year will be published with the 2018-19 Budget on February 28, the bureau said.

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