Hong Kong sees 17.9 bln HKD surplus in public spending in Nov.

13:19, January 01, 2010      

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The Financial Services and the Treasury Bureau of the HKSAR government recorded a surplus of 17.9 billion HKD in the government's financial results for November, reducing the deficit for the eight months ending Nov. 30 to 38.9 billion.

Expenditure in November was 20.6 billion HKD while revenue was 38.5 billion. Expenditure for the eight-month period was 182.2 billion HKD while revenue was 143.3 billion.

The bureau said the improved financial results were mainly due to profits tax collection.

According to the Bureau, Hong Kong's fiscal reserves stood at 455.5 billion HKD on Nov. 30.

Source: Xinhua
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