Hong Kong's government posts HK$43.9b surplus for nine months ended December

The Hong Kong government announced on Friday a surplus of HK$43.9 billion for the nine months ended December 31, 2025, representing an improvement over the deficit for the period ended November.

Expenditure from April to December was HK$559.8 billion and revenue was HK$494 billion.

The surplus was after taking into account HK$139.9 billion received from issuance of government bonds and repayment of HK$30.2 billion principal on government bonds. 

The government attributed the surplus to the fact that some major types of revenue including salaries and profits taxes are mostly received in December and January. 
 
The fiscal reserves stood at HK$698.2 trillion as af December 31.