Friday, June 29, 1973
GOVERNMENT SURPLUS FOR 1972/73
The government recorded a surplus of $637 million in the financial
year ending on March 31, compared with a surplus of $640 million in 1971-72.
Total revenue for the year was $4,936 million,an increase of $1,395
million over the previous year. Expenditure increased by an even greater
amount
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$1,398 million to reach a total of $4,300 million.
Government accounts for the month of March showed a deficit of
$439 million compared with a deficit of $100 million in March 1972.
Revenue for the month was $498 million an increase of #236 million
over the same month last year. However total expenditure amounted to $938
million.
This figure included $500 million towards the government's contribution
to the equity of the Mass Transit Railway Corporation.
A government spokesman said today that even after discounting this
contribution, expenditure during March was the highest ever recorded for a
single month.
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