, Hong Kong
463 views
Photo by Jimmy Chan on Pexels

HK gov’t debt hits $293.2b

Fiscal reserves stood at $664.1b.

Hong Kong’s fiscal reserves stood at $664.1b, whilst government debt reached $293.2b, according to its financial results for the nine months ended 31 December 2024.

In addition, debts guaranteed by the government amounted to $132.4b.

From April and December 2024, total expenditure and revenue amounted to $524.2b and $349.7b, respectively, resulting in a deficit of $70.5b after taking into account $114.6b received from the issuance of government bonds and repayment of $10.6b principal on government bonds.

A government spokesperson explained that the deficit for the period was primarily due to the timing of some major revenue streams, including salaries and profits taxes, which are mostly received towards the end of a financial year.

The revised estimates for the current financial year will be published along with the 2025-2026 budget.

Follow the link s 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!

Top News

Over 70% of top Hong Kong chains commit to cage-free eggs
An additional 7% are actively developing similar policies, pushing total participation to 71%.
Food & Beverage
Hong Kong retail leasing seen steady in H2 with F&B demand
F&B groups catering to mass and mid-market consumers are expected to remain the key drivers of leasing demand.
Retail
Home and office leasing signal recovery as retail stays weak
Grade A office space leasing rises to highest since the pandemic on expansions and relocations.