Hong Kong SAR government: A deficit of HK$18 billion was recorded in the first eight months of this fiscal year.

On December 31, the Hong Kong government announced the financial position for the first eight months of the current fiscal year (up to November 30, 2025). The overall expenditure and revenue for the first eight months of the fiscal year were 496.6 billion Hong Kong dollars and 371.9 billion Hong Kong dollars respectively. After taking into account the proceeds from issuing government bonds of 135.2 billion Hong Kong dollars and repaying government bonds of 28.5 billion Hong Kong dollars, a deficit of 18 billion Hong Kong dollars was recorded for the first eight months of the fiscal year. A government spokesperson stated that the deficit had decreased from October to November mainly due to major revenues such as salaries tax and profits tax being mostly received in the later part of the fiscal year. The revised budget for this fiscal year will be announced alongside the 2026-27 Budget. As of November 30, 2025, the fiscal reserves stood at 636.3 billion Hong Kong dollars.