A $32.4 billion surplus was recorded in the Government's financial results in November, resulting in a surplus of $50.6 billion for the eight months ending November 2007.

The Financial Services & the Treasury Bureau said $51.1 billion in revenue was collected during the month, while the Government spent $18.7 billion. The surplus was mainly due to the collection of profits tax and proceeds from land sold in October.

Spending for the April - November period was $152 billion, and revenue was $202.6 billion.

Fiscal reserves stood at $419.9 billion at the end of November.