Yes, a big surplus is still a problem, albeit one the Finance Minister would surely prefer.
Government insiders say revenues are as strong as last year, driven by the boom in resource prices in the wake of Russia’s invasion of Ukraine that caused potash revenues in particular to skyrocket.
Oil plummeted to below $70 U.S. a barrel last week, but officials say there is little reason to worry. Advertisement 4And what’s even better — government revenue is more predictable this year. Officials were finishing calculations on the 2022-23 budget about the time Russian tanks were entering Ukraine in February 2022.
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