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Hong Kong reports USD4.5bn surplus in January

1-Mar-2011 8:16 AM

Hong Kong Financial Services & the Treasury Bureau recorded (28-Feb-2011) a HKD93.8 billion (USD12.0 billion) surplus in the 10 months ended 31-Jan-2011 while fiscal reserves stood at HKD614.1 billion (USD78.8 billion). For Jan-2011 alone, a surplus of HKD34.8 billion (USD4.5 billion) was recorded, mainly due to the receipt of salaries and profits taxes. The revised estimate for 2010-11 is a surplus of HKD71.3 billion (USD9.2 billion). [more]