摘要：Fiscal performance strengthened considerably in 2005
as government revenues benefited from a
combination of record high energy prices and
expanded production in the energy sector.
Although expenditure grew by a substantial 27.6
percent the much stronger increase in revenues
allowed the government to post a surplus
of $4,604.7 million or 5.1 percent of GDP.
This was more than three times the
surplus of $1,510 million (2.1 percent of GDP) recorded
in the previous fiscal year.* More than half of the 2005
surplus, a total of $2,593.1 million, was saved in the
government’s Revenue Stabilisation Fund which
at the end of the fiscal year held an accumulated
balance of $5,201.3 million. The surplus
also allowed the government to increase its
cash balances at the Central Bank to $12,433.7
million after principal debt repayments of $3242.7
million.
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