, Hong Kong

Hong Kong government's surplus hits $110.8b

Fiscal reserves now stand at $953.7b.

The Government recorded a $110.8 billion surplus for the year ending March 31, with fiscal reserves standing at $953.7 billion, the Financial Services & the Treasury Bureau said.

Government expenditure amounted to $462.3 billion for the year and revenue was $573.1 billion.

The bureau said the overall fiscal position was more favourable than the original and revised estimates for the year.

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