An $8 billion surplus was recorded in the Government's financial results in October, reducing the deficit for the seven months to the end of October to $56.8 billion.

Spending for the April-October period was $161.5 billion, with revenue of $104.7 billion. Spending in October reached $24.38 billion while revenues for the month were nearly $32.35 billion.

The improved financial results were mainly due to profits-tax collection.