, Hong Kong
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Gov’t deficit hits $183b 

The government took into account the proceeds of $20b received from the issuance of green bonds.
 
The government recorded a deficit of $183b in the first five months of the current financial year, taking into account the proceeds of $20b received from the issuance of green bonds.
 
There was a deficit because some major types of revenue like salaries and profits taxes are received towards the end of a financial year. 
 
In the first five months, government expenditure was $319.2b, whilst revenue was $116.2b.

 Meanwhile, fiscal reserves stood at $774.2b by the end of August. 
 

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