The net operating balance of the General Government Sector as at the March 2013 quarter was a savings of $6.5 million, representing an increase of $7.7 million on the 2012/13 supplementary budget estimates.
Overall, revenue was $2.2 million higher than the 2012/13 supplementary budget estimates and operating expenditure was lower by $5.5 million than the 2012/13 supplementary budget estimates.
Prudence needs to be exercised when analysing these figures as revenues and expenses do vary from quarter to quarter.
This statement has been prepared on an accruals basis as far as practical and outlines income and expenses incurred which may not been necessarily received or paid.