Hong Kong Posts HKD62.6bn Fiscal Surplus in First 11 Months

Hong Kong fiscal surplus reached HKD62.6bn(USD8.0bn) in the first 11 months of its 2025/26 financial year, helped by bond issuance, government data showed, keeping the city on track for its first full-year surplus since 2021/22.

Expenditure for April 2025 to February 2026 totalled HKD691.5bn, while revenue reached HKD654.8bn, according to the Information Services Department.

After accounting for HKD148.9bn raised from government bonds and HKD49.6bn in bond repayments, fiscal reserves stood at HKD716.9bn at end-February.

In the budget announced on February 25, Financial Secretary Paul Chan projected a full-year surplus of HKD2.9bn and forecast reserves of HKD657.2bn by end-March, as stronger IPO activity and a recovering economy eased pressure on public finances.

The improving Hong Kong fiscal surplus reflects that recovery trend.