XN000022-1978-03-03 — Page 6

FRIDAY, MARCH 3, 1978

GOVERNMENT ACCOUNT FOR DECEMBER

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GOVERNMENT ACCOUNTS FOR DECEMBER 1977 PUBLISHED IN THE GAZETTE TODAY (FRIDAY) SHOW A SURPLUS OF $23 MILLION, COMPARED WITH A SURPLUS OF $152.2 MILLION IN DECEMBER, 1976.

THIS HAS RESULTED IN AN ACCUMULATED SURPLUS OF $213 MILLION FOR THE FIRST NINE MONTHS OF THIS FINANCIAL YEAR, COMPARED WITH A SURPLUS OF $61 MILLION FOR THE SAME PERIOD OF THE LAST FISCAL YEAR.

TOTAL EXPENDITURE, AT $745.1 MILLION, WAS $182.2 MILLION MORE THAN IN DECEMBER, 1976.

TOTAL REVENUE AND RECEIPTS, AT $768.1 MILLION, WERE $53 MILLION MORE THAN FOR THE SAME MONTH IN 1976.