Hong Kong's fiscal surplus hit $13.4b in April

Due to land premium receipts.

In a report, the Financial Services & the Treasury bureau reported that the Government recorded a $13.4 billion surplus in April, due mainly to land premium receipts.

Government expenditure for the first month of the current financial year amounted to $30.2 billion, while revenue was $43.6 billion.

Fiscal reserves stood at $747.3 billion as at April 30.