It emerged on Friday that a $36.4bn surplus was recorded in the Hong Kong Government's financial results for January, resulting in a $122.6bn surplus for the last 10 months of last year.
The Financial Services & the Treasury Bureau revealed that $216.1bn in revenue was
collected in January, while the Government spent $58bn. The surplus was mainly
due to salaries and profits tax receipts.
Spending for the April-January period was $192.2bn and revenue was $314.8bn.
Fiscal reserves stood at $491.9bn at year's-end. Taking into account the forecast
financial results for February and March the expected overall surplus for 2007-08
is $115.6bn.
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