The Government recorded a $59 billion surplus in the year ending December 31, the Financial Services & the Treasury Bureau announced today.
It saw expenditure of $380.7 billion and revenue of $439.7 billion during the year.
The favourable financial results were mainly due to land premiums, profits tax and stamp duties.
Fiscal reserves stood at $1.1619 trillion as of December 31.
from news.gov.hk - Business & Finance http://www.news.gov.hk/eng/2019/01/20190131/20190131_164636_789.html
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