Cumulative year-to-date deficit of HK$275.7 billion

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  1. #1

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    Cumulative year-to-date deficit of HK$275.7 billion

    https://www.info.gov.hk/gia/general/...2112900239.htm

    Burning through the fiscal reserves

  2. #2

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    Quote Originally Posted by East_coast:

    Burning through the fiscal reserves

    Of course with those white elephants like lantau of tomorrow. And the HK-Macau bridge and the wasteful money spending on the covid measures. You should not expect anything less.

  3. #3

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    Not too bad considering current situation, large sum spent on vouchers and freebies!!!!

    A Government spokesperson said that the cumulative year-to-date deficit for the period was mainly due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year.

  4. #4

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    Quote Originally Posted by East_coast:
    https://www.info.gov.hk/gia/general/...2112900239.htm

    Burning through the fiscal reserves
    they will sell 3 more land and it will even out.