$50.1B SURPLUS RECORDED
31-1-2022
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The Government announced today it recorded a $50.1 billion surplus for the nine months ending December 31.
Expenditure for the period was $481.5 billion and revenue was $502.5 billion. Net proceeds of $29.1 billion were also booked from the issuance of green bonds.
The Government said the surplus was mainly due to the receipt of land premiums, profits tax and stamp duties.
Fiscal reserves stood at $977.9 billion as at the end of December.
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