Hong Kong has a fiscal deficit of HK $34.8 billion in the first month of this financial year.

[Hong Kong's fiscal deficit for the first month of this fiscal year is HK $34.8 billion] the Government of the Hong Kong Special Administrative region (HKSAR) announced that expenditure for the first month of this financial year was HK $69.6 billion, revenue was HK $34.8 billion, and a deficit of HK $34.8 billion. According to the Government, the main reason for the deficit is that most of the major revenues, such as salaries tax and profits tax, are collected at the end of the financial year. At the end of April, the fiscal reserves stood at HK $800 billion.