$275.7B DEFICIT RECORDED
30-11-2022
Alphabetical Index
依字母搜索
The Government today announced that it recorded a $275.7 billion deficit for the first seven months of the current financial year.
Expenditure for the period was $467.6 billion and revenue was $171.9 billion. A deficit was recorded after taking into account the proceeds of $20 billion received from the issuance of green bonds.
The Government said there was a deficit mainly because some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.
Fiscal reserves stood at $681.4 billion at the end of October.
PREVIOUSNEXT
Latest Business News
最新商業資訊
March retail sales drop 7% 3-5-2024
The value of total retail sales in March, provisionally estimated at $31.2 billion, was down 7% compared with the same mo...
Better deposit protection proposed 3-5-2024
An amendment bill to enhance the Deposit Protection Scheme (DPS) by raising the protection limit from the current $500,00...
CE approves HKEX chairmanship 3-5-2024
The Chief Executive has approved the appointment of Carlson Tong as Chairman of the Hong Kong Exchanges & Clearing Li...
FS meets ADB President 3-5-2024
Financial Secretary Paul Chan arrived in Georgia yesterday afternoon for the 57th annual meeting of the Board of Governor...