MONTREAL, June 22 (Reuters) - The Canadian province of Quebec sees its surplus from the last fiscal year nearly tripling on higher revenue, helped by stronger-than-expected economic growth, Finance Minister Carlos Leitao said on Friday.
The country's second-most populous province reported a C$2.4 billion ($1.80 billion) surplus for the 2017-2018 fiscal year, compared with C$850 million ($638.28 million) from its initial budget forecast, Leitao said.
The surplus will be added to a reserve fund, worth C$5.3 billion in fiscal 2018-2019, that the province uses as a cushion in the case of recession, during a time of broader fears over a global trade war.