Friday, July 25, 2014   

(2014-15 Budget) Fiscal surplus at HK$12b for 2013-14
(02-26 12:32)

Financial Secretary John Tsang Chun-wah forecast a surplus of HK$12 billion, with the fiscal reserve at HK$745.9 billion by March 31, 2014.
The revenue last year is estimated at HK$447.8 billion, 2.9 percent more than the original estimate. Revenue from profits tax dipped 8.8 percent to HK$11.5 billion from the original estimate. Salaries tax, meanwhile, raised 7.8 percent to HK$4 billion.
Land sales brought the government HK$84.1 billion in revenue for the fiscal year of 2013-14.
Expenditure, meanwhile, is expected to be HK$435.8 billion, which is HK$4.2 billion last than the original estimate.
   
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