$7.16b Surplus Recorded

The Government recorded a $7.16 billion surplus in February, the Financial Services & the Treasury Bureau announced today.

 

It saw expenditure of $40 billion and revenues of $47.16 billion during the month.

 

Government expenditure for the 11 months ending February 28 amounted to $421 billion, with revenues of $593.4 billion, bringing the cumulative year-to-date surplus to $172.4 billion.

 

Fiscal reserves stood at $1.1264 trillion as of February 28.

 

The bureau said it expects expenditure in March to exceed revenue, leading to a deficit for the month and reducing the cumulative surplus.

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