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Higher than expected surplus

Wed, 18 May 2011


A higher than forecast surplus was recorded by the Government in the last financial year.

 

The accounts show the Government made £9.6 million in the year ending March 31st, when just £1.7 million was expected.

 

The Treasury says the increased figure is down to lower than predicted spending within Departments.

 

Income over the year was £538 million, compared to expenditure of £528 million.

 

No funds were transferred to the Government reserves

 

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