Saturday, February 28, 2015   

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.   
Other Hong Kong breaking news:
13 bidders after Pak Shek Kok site (02-27 17:37)
Key officials to skip Democrat Party's dinner (02-27 17:11)
Home buyers borrow HK$30b for new flats in January (02-27 16:50)
Insured mortgage cut to 80pc (02-27 16:48)
Leung to join NPC sessions opening (02-27 16:39)
First time flat buyers face tighter mortgage limits, amid rising prices and alarming debt levels (02-27 16:35)
More students support independence: Undergrad (02-27 16:03)
Man falls to death near PolyU (02-27 15:31)
More hope for reform proposal: Tam (02-27 14:27)
Unions demand seven days' paternity leave (02-27 13:52)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.