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HK Govt: Deficit for 7 Mths Ended Oct 2021 Hits $111.8B
The Government announced its financial results for the seven months ended October 31, 2021.Expenditure for the period April to October 2021 amounted to HK$367.9 billion and revenue...
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HK Govt: Deficit for 7 Mths Ended Oct 2021 Hits $111.8B
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2021/11/30 16:35
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The Government announced its financial results for the seven months ended October 31, 2021.

Expenditure for the period April to October 2021 amounted to HK$367.9 billion and revenue HK$256.1 billion, resulting in a cumulative year-to-date deficit of HK$111.8 billion.

A Government spokesperson said that the cumulative year-to-date deficit for the period was mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.

The fiscal reserves stood at HK$816 billion as at October 31, 2021.
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