Hong Kong May Post $3.6 Billion Budget Surplus, Deloitte Says
Hong Kong may post a HK$28 billion ($3.6 billion) budget surplus, leaving scope for the government to offer tax rebates, rental offsets and school vouchers, according to Deloitte Touche Tohmatsu.
The surplus for 12 months ending March 2012 will decline from the HK$75 billion posted in the previous year because of lower returns from duties on equity trading and home sales, Yvonne Law, a partner at the accounting firm, said today in Hong Kong.
Financial Secretary John Tsang in March forecast a HK$8.5 billion budget deficit, after giving cash handouts to residents and tax rebates.
To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net
To contact the editor responsible for this story: Paul Panckhurst in Hong Kong at ppanckhurst@bloomberg.net
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.