The Government has announced its financial results for the 10 months ended January 31. The deficit for the period stood at $45.2 billion while the fiscal reserves stood at $270.3 billion.

Expenditure for the April to January period amounted to $202.9 billion while revenue came to $157.7 billion. There was a surplus of $25.8 billion in January, a reflection of the salaries and profits taxes collected that month.

Financial Secretary Henry Tang will provide an up-to-date assessment of the likely deficit for this entire financial in his Budget Speech on March 10.