The government announced today (Aug. 31) the financial position for the first four months of the current fiscal year, ending July 31, 2026. Expenditure and revenue for the period amounted to HK$249.7 billion and HK$193.6 billion respectively. After taking into account the HK$48.2 billion raised from the issuance of government bonds and the repayment of HK$11.7 billion in principal, a deficit of HK$19.6 billion was recorded. Fiscal reserves stood at HK$645.9 billion as of July 31, 2026.
A government spokesman said that the deficit through July was mainly attributable to the fact that major revenues such as salaries tax and profits tax are largely collected in the later months of the fiscal year.
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