Hong Kong Records Surplus of $16.2 Billion in First 6 Months of Fiscal Year

The government announced that, as at end-September, it recorded a fiscal surplus of $16.2 billion in the first 6 months of the fiscal year, mainly due to proceeds from the issuance of silver bonds. During the period, expenditure was $373.1 billion, revenue was $271.8 billion, proceeds from the issuance of government bonds were $131 billion, and $13.5 billion of principal was repaid. As at end-September, fiscal reserves stood at $681.7 billion.