HK budget deficit narrows
01-01-2009
The government's budget deficit has narrowed to HK$9.3 billion during the first eight months of the fiscal year. This is mainly because of a HK$28 billion surplus recorded last month. The government said the improved financial results was mainly due to the collection of profits tax. But it maintained that the deficit for the entire fiscal year would be higher than the original estimate of HK$7.5 billion.
