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Traditional ChineseSimplified ChineseText onlyPDARSS
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December 29, 2006
Budget
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Fiscal deficit falls to $3.6b
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The Financial Services & the Treasury Bureau says an $18.3 billion surplus was recorded in the Government's financial results in November, reducing the deficit for the eight months ended November 30 to $3.6 billion.

 

November saw $37 billion in revenue and $18.7 billion in spending. The improved financial results in the month were mainly due to profits-tax collection.

 

For the eight months ended November, spending amounted to $151.5 billion and revenue to $147.9 billion. The fiscal reserves stood at $307.1 billion.

 

Given the outturn so far, Hong Kong is on track to achieve a surplus of $5.6 billion as estimated in the 2006-07 Budget.

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