Surplus in HK
Source: Xinhua |
September 1, 2010, Wednesday
|
Print Edition
Print Edition
AN HK$815 million (US$104.75) surplus was recorded in the Hong Kong government's financial results for July, but there was still a HK$9.5 billion deficit for the financial year's first four months.
The Financial Services and the Treasury Bureau of Hong Kong yesterday said HK$28.7 billion in revenue was collected in July, while the government spent HK$27.89 billion.
Spending for the four-month period ending on July 31 was HK$99 billion and revenue was HK$89.5 billion.
The deficit for the period was mainly because some major types of revenue, including salaries and profits taxes, were mostly received toward the end of a financial year.
Fiscal reserves stood at HK$510.8 billion at the end of July.
The Financial Services and the Treasury Bureau of Hong Kong yesterday said HK$28.7 billion in revenue was collected in July, while the government spent HK$27.89 billion.
Spending for the four-month period ending on July 31 was HK$99 billion and revenue was HK$89.5 billion.
The deficit for the period was mainly because some major types of revenue, including salaries and profits taxes, were mostly received toward the end of a financial year.
Fiscal reserves stood at HK$510.8 billion at the end of July.
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