, Hong Kong

HK$75.7 billion fiscal surplus for Hong Kong

Total, however, is 12% lower year-on-year.

Hong Kong reported a HK$75.7 billion fiscal surplus for April-February, the first 11 months of its 2012/13 financial year as against a HK$84.5 billion surplus for the same period last year.

The government expects a deficit for March as expenditures will exceed revenues and will also further reduce the cumulative surplus. 

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