The Government said today expenditure for the period April to May amounted to HK$65.4 billion and revenue HK$50.2 billion, resulting in a cumulative year-to-date deficit of HK$15.2 billion.
A government spokesperson said that the cumulative year-to-date deficit for the period was mainly because some major types of revenue including salaries and profits taxes were mostly received towards the end of a financial year.
The fiscal reserves stood at HK$813.4 billion as at 31 May 2015.
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