(Budget) Fiscal reserves forecast at HK$1.16 trillionLocal | 27 Feb 2019 11:17 am
Paul Chan says the revised estimate for government expenditure is HK$537.7 billion, 5.6 percent or HK$31.9 billion lower than the original estimate.
"This is mainly because the expenditures on certain policy initiatives and public works projects were lower than the original estimates,'' he says.
"All in all, I forecast a surplus of HK$58.7 billion for 2018-19. Fiscal reserves are expected to reach HK$1.16 trillion by 31 March 2019.''