Hong Kong SAR Government: Recorded a fiscal deficit of HK$16.9 billion as of April 30th.

On May 29th, the Hong Kong Special Administrative Region Government announced the financial position for the first month of the current fiscal year (up to April 30, 2026). The expenditure and revenue for the first month of the fiscal year were 62.6 billion Hong Kong dollars and 41.5 billion Hong Kong dollars, respectively. After taking into account the principal of 6 billion Hong Kong dollars from the issuance of government bonds and the repayment of 1.8 billion Hong Kong dollars in government bonds, a deficit of 16.9 billion Hong Kong dollars was recorded. The fiscal reserves as of April 30, 2026 were 648.6 billion Hong Kong dollars. A government spokesperson stated that the deficit in April was mainly due to the fact that major revenues such as salaries tax and profits tax are mostly collected in the later part of the fiscal year.