HK government books $16.2 billion surplus in April-Sept on Silver Bonds proceeds

Hong Kong government recorded a surplus of HK$16.2 billion in the April-September period, mainly due to the proceeds received from the issuance of Silver Bonds.

Expenditure for the period was HK$373.1 billion, while revenue stood at HK$271.8 billion.

It received HK$131 billion from bonds issuance and repaid HK$13.5 billion principal on the bonds.

The fiscal reserves stood at HK$681.7 billion as of the end of September.

Based on past revenue collection pattern, major revenue items including salaries and profits taxes are mostly received towards the end of a financial year, a government spokesperson said in a statement on Friday.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓