News

Economy

Staff Reporter

, Hong Kong

Published:

13 years ago

HK earns $17.2 bln surplus from taxes

Expenditure for the eight-month period amounted to $195.7 billion with revenue of $212.9 billion.

According to Hong Kong's Information Services Department, the Financial Services and the Treasury Bereau said that the fiscal reserves stood at $537.5 billion.

Monthly expenditure was $22.9 billion, and revenue was $44.4 billion, resulting n a $21.5 billion surplus.

The surplus was mainly due to the collection of profits tax.

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