Sunday, October 26, 2014   

Fiscal reserves down as of June
(07-31 16:52)

Expenditure for the three months ended June 2014 was HK$87.1 billion, and revenue was HK$67.2 billion, leading to a deficit of HK$19.9 billion.
"The deficit for the period was mainly because some major types of revenue including salaries and profits taxes were mostly received towards the end of a financial year,'' a government spokesperson said.
As at June 30, the fiscal reserves was HK$735.8 billion, down nearly HK$20 billion from March.   
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