Finance Minister Dr. Nigel Clarke
Central Government operations generated Primary and Fiscal surpluses of $112.7 billion and just over $24 billion, respectively, over the first nine months of the 2019/20 fiscal year.
The revelation was made in the Government's 2020/21 Fiscal Policy Paper.
The document indicates that the out-turn for the Primary Surplus, which stands at 6.5 per cent of budget, exceeded the almost $94 billion programmed target, while the Fiscal Surplus was more than $21 billion better than the projected $2 billion.
Both out-turns reflect the strong overall combined performance of revenues and grants.
The main driver behind the revenue buoyancy was tax revenues, up $10.9 billion.
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