HK govt records 8.35 bln USD surplus

The Hong Kong Special Administrative Region (HKSAR) government recorded a 64.8 billion HK dollars (about 8.35 billion U.S. dollars) surplus for the year ending March 31, with fiscal reserves standing at 733.9 billion HK dollars, the Financial Services & the Treasury Bureau said Tuesday.

The HKSAR government expenditure amounted to 377.3 billion HK dollars and revenue was 442.1 billion HK dollars.

The bureau said the provisional surplus of 64.8 billion HK dollars is almost the same as the revised estimate of 64.9 billion HK dollars.