Surplus reached $34.8bn in January 2011

A surplus of $93.8 billion was registered for the 10 months ending January 31.

According to Hong Kong Information Services Department, the Financial Services & the Treasury Bureau said, fiscal reserves was recorded at $614.1 billion.

Expenditure of the Government came in at $245.9 billion, while revenue amounted to $339.7 billion.

The high January surplus was mainly due to the receipt of salaries and profits taxes.

The cumulative surplus will decrease in the remaining months of the financial year as the majority portion of income from key revenue sources, like profits and salaries taxes, and investment income, have already been received.

The revised estimate for 2010-11, as announced in the Budget Speech on February 23, is a surplus of $71.3 billion.