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Government expenditure for the April-August period was $113.9 billion with revenue of $63.4 billion, resulting in a deficit of $50.5 billion, the Financial Services & the Treasury Bureau said today.
Fiscal reserves stood at $443.9 billion as at August 31.
The deficit was mainly because some major types of revenue, like salaries and profits tax, are received towards the end of a financial year.
Government debt amounted to $11.9 billion, including a toll revenue bond of $766.9 million to be repaid to the Hong Kong Link 2004 by the net toll revenue receivable of government tolled tunnels and bridges, institutional notes of about $11.188 billion, as well as guarantees provided under various loan guarantee schemes.
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