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HK Govt Posts HKD30.3B Fiscal Deficit in 2MFY26; Fiscal Reserves at HKD635.2B at End-May
2026-06-30 17:10:58 The Government announced its financial results for the two months ended May 31, 2026. Expenditure and revenue from April to May 2026 amounted to HK$125.1 billion and HK$60.9 billion respectively, resulting in a deficit of HK$30.3 billion after taking into account HK$37.4 billion received from issuance of Government Bonds and repayment of HK$3.5 billion principal on Government Bonds. The fiscal reserves stood at HK$635.2 billion as at May 31, 2026. A Government spokesperson said that the deficit for the period was mainly due to the fact that major revenue items including salaries and profits taxes are mostly received towards the end of a financial year. ~ AASTOCKS Financial News Website: www.aastocks.com | |