, Hong Kong

Hong Kong government's surplus hit $49.7b

Expenditure was at $38.09b.

The Government recorded a $49.7 billion surplus in December, the Financial Services & the Treasury Bureau announced.

It saw expenditure of $38.09 billion and revenue of $87.84 billion during the month.

Government's expenditure for the nine months ending December 31 amounted to $339.1 billion, with $404.5 billion in revenue, bringing the cumulative year-to-date surplus to $65.4 billion.

Fiscal reserves stood at $908.3 billion as of December 31.

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