Source: Hong Kong Information Services
The Government announced today it recorded a $76 billion deficit for the five months ending August 31.
Expenditure for the period was $252.7 billion and revenue was $176.7 billion.
The Government said there was a deficit mainly because some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.
Fiscal reserves stood at $851.8 billion as at the end of August.