This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious




Tax Take Helps Hong Kong Government Record November Surplus

by Mary Swire, Tax-News.com, Hong Kong

04 January 2006

A surplus of $19 billion was recorded by the Hong Kong government in November 2005, reducing the year-to-date deficit to $12.5 billion for the period April to November.

The Financial Services & the Treasury Bureau says the improvement recorded in November was mainly due to profits tax receipts.

Expenditure for the eight months ending November 30 amounted to $153.1 billion and revenue was $140.6 billion.

The bureau said that it was too early to draw any conclusions about the deficit outturn for the full year.

At November 30, fiscal reserves stood at $283.5 billion.

.

 

 






Write a comment