Source: Hong Kong Information Services
The Government announced today it recorded a $232.6 billion deficit for the five months ending August 31.
Expenditure for the period was $360.1 billion and revenue was $127.5 billion.
The Government said there was a deficit mainly because some major types of revenue, including salaries and profits taxes are mostly received at the end of a financial year.
It was also due to payments for the Cash Payout Scheme and various measures under the Anti-epidemic Fund.
Fiscal reserves stood at $927.7 billion at the end of August.
