Hong Kong Economic and Trade Office, USA
Hong Kong
News Release

Financial results for the three months ended June 30, 2020


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Melissa Ng in New York City: (212) 752 3320
Wing Yan Tong in San Francisco: (415) 835 9315

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July 31, 2020 - The Hong Kong Special Administrative Region Government announced today its financial results for the three months ended June 30, 2020.

Expenditure for the period April to June 2020 amounted to HK$176.8 billion (US$22. 6 billion) and revenue HK$67.8 billion (US$8.6 billion), resulting in a cumulative year-to-date deficit of HK$109 billion (US$13.9 billion).

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, and payments in respect of various measures under the Anti-epidemic Fund.

The fiscal reserves stood at HK$1,051.3 billion (US$134.7 billion) as at June 30, 2020.

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