A $9 billion surplus was recorded by the Government in April, the Financial Services & the Treasury Bureau says, seeing revenue of $29.7 billion and expenditure of $20.7 billion.

The surplus was mostly contributed by land premiums and salaries tax. About $12.7 billion in land premiums were received in the month, mainly from private treaty grants for railway projects.

The $9 billion addition has pushed fiscal reserves to $319.6 billion.