A $123.5-billion surplus was recorded in the Government's financial results for the 11 months up to the end of February, bringing its fiscal reserves to $492.7 billion, the Financial Services & the Treasury Bureau says.

Spending for the April-February period was $211.1 billion with revenue of $334.6 billion.

February saw $198 billion in revenue and $190.5 billion in spending, resulting in an $8.5-billion surplus.