Hong Kong’s deficit rose by almost 25 per cent in one month to HK$115.9 billion (US$14.9 billion) by the end of July, according to the results for the 2025-26 financial year released on Friday.
The figure, representing results for the first four months of 2025-26, compares with a deficit of HK$93.9 billion at the end of June.
But a government source sought to ease concerns over the deficit, saying most of the revenue from salaries and profits taxes would be received in the latter half of the…
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