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



Financial results for the 11 months ended February 29, 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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March 31, 2020 - The Hong Kong Special Administrative Region Government announced today its financial results for the 11 months ended February 29, 2020.

There was a deficit of HK$5.9 billion (US$756 million) in the month of February. Expenditure for the 11-month period amounted to HK$535.1 billion (US$68.6 billion) and revenue HK$548 billion (US$70.2 billion), with the cumulative year-to-date surplus at HK$19.2 billion (US$2.4 billion) after receipt of net proceeds of HK$7.8 billion (US$1 billion) from issuance of green bonds under the Government Green Bond Programme (Green Bond) and repayment of institutional notes of HK$1.5 billion (US$192 million).

The fiscal reserves stood at HK$1,190.1 billion (US$152.5 billion) as at February 29, 2020.


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