Tuesday, September 30, 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.
   
Other Hong Kong breaking news:
Paul Chan, wife guilty of libel, fined HK$230k (1 hr 10 mins ago)
China suspends HK tours: reports (1 hr 42 mins ago)
Printing error discovered in Hospital Authority system (1 hr 53 mins ago)
British PM reminds China of obligations over Hong Kong (2 hrs 24 mins ago)
Minimum wage raised for foreign domestic helpers (2 hrs 29 mins ago)
Occupy to open way for emergency services (2 hrs 43 mins ago)
Emergency services disrupted: police (09-30 16:56)
Several bus routes remain closed (09-30 16:53)
Fiscal reserves at HK$711b (09-30 16:43)
China backs Hong Kong leaders against 'illegal' acts: govt (09-30 16:36)

More breaking news >>

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