TC

31/07/2015 17:12

HK Govt posts HK$26.5bn deficit from April to June

    The Government said today expenditure for the period April to June amounted to HK$99.4 billion and revenue HK$72.9 billion, resulting in a cumulative year-to-date deficit of HK$26.5 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$802 billion as at 30 June 2015.

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