Budget cash surplus $25.3b?
According to Department of Statistics’ Monthly Digest of Statistics, June 2014 – the Budget cash surplus for FY2012 was $25.3 billion.
Revised downwards from $36.1b?
This is we believe a downward revision from the figure of $36.1 billion that was shown in the Monthly Digest of Statistics of about a year ago (which we can no longer find on the Internet).
Why took so long?
Although there is a footnote explaining that the figure has been revised in accordance with the International Monetary Fund’s (IMF) fiscal reporting guidelines of 2006 versus the 2001 guidelines – why did it take so long to do the revision until only now?
Budget statement surplus $3.9b?
The above are of course a far cry from the $3.9 billion Budget surplus reported in the Budget statement.
S Y Lee and Leong Sze Hian