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Home >> Business
UPDATED: 21:11, March 31, 2005
HK gov't fiscal surplus reaches 14.7 billion HK dollars
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Hong Kong government's fiscal surplus for the 11 months ended February reached 14.7 billion Hong Kong dollars (1.88 billion US dollars) and the fiscal reserves stood at 290.1 billion Hong Kong dollars.

Statistics show that government spending for the period amounted to 218.8 billion Hong Kong dollars and revenue to 233.5 billion Hong Kong dollars.

The revenue for the period, and the surplus, have taken account of the 6 billion Hong Kong dollars in Toll Revenue Bonds and 20 billion Hong Kong dollars in government bonds and notes issued in May and July last year.

Government debts stood at 25.6 billion Hong Kong dollars at the end of February, comprising the Toll Revenue Bond of 5.6 billion Hong Kong dollars to be repaid to Hong Kong Link 2004 Limited by the net toll revenue receivable of government tolled tunnels and bridges, and retail bonds and institutional notes totaling 20 billion Hong Kong dollars.


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