in
What happens to the Government's budget surplus?
mof
Budget surpluses, if any at the end of each fiscal year, are accumulated as current reserves of each term of government. Similar to Past Reserves, these are also managed by the Government's investment entities.
At the end of each term of government, the accumulated current reserves will be transferred to Past Reserves.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
What is the definition of the Governments budget surplus?
from MOFWhat constitutes a draw on Past Reserves?
from MOFWith Reserves Management Government Securities (RMGS) and hence not having to draw down on Government Deposits (GDs), can the Government offset planned tax increases?
from MOFWhy is the presentation format of the Government Budget different from the government finance data reported in the Yearbook of Statistics?
from MOF
Can’t find what you’re looking for?