The Government recorded a $7.16 billion surplus in February, the Financial Services & the Treasury Bureau announced today.

It saw expenditure of $40 billion and revenues of $47.16 billion during the month.

Government expenditure for the 11 months ending February 28 amounted to $421 billion, with revenues of $593.4 billion, bringing the cumulative year-to-date surplus to $172.4 billion.

Fiscal reserves stood at $1.1264 trillion as of February 28.

The bureau said it expects expenditure in March to exceed revenue, leading to a deficit for the month and reducing the cumulative surplus.