, Hong Kong
Photo by bady abbas on Unsplash

Gov’t deficit rises to $275.75b 

In August, the deficit was at $183b.

The government recorded a deficit of $275.75b in the first seven months of the current financial year, after taking into account the proceeds of $20 billion received from the issuance of green bonds.

The government said it recorded a deficit mainly because some major types of revenue, including salaries and profits taxes, are mostly received towards the end of a financial year.

 In the first seven months, the government also posted an expenditure of $476.6b and revenue of $171.9b.

 Meanwhile, fiscal reserves stood at $681.4b by the end of October.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


The ChatGPT effect? Investors bet big on deep tech startups 
An expert from Velocity Ventures believes new startups will build their business models on the chatbot.
Hong Kong's Hottest Startups of 2023
Startups with "disruptive applications in the Web 3.0 space" dominate.
Experts rally for change in legal industry’s ‘billable system’ 
A report from UC Hastings College of the Law stated that  "a most-hours-wins system disproportionately disadvantages women partners.”