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Financial Results of the Government of the HKSAR

HK$ million

  2023-24 2024-25 2025-26
Revenue 549,406 564,909 697,469
Expenditure 721,301 753,220790,330
Deficit before issuance and repayment of Government Bonds (171,895) (188,311) (92,861)
Proceeds received from issuance of Government Bonds 72,490 130,036 156,036
Repayment of principal on Government Bonds 800 21,993 51,951
Surplus/(Deficit) after issuance and repayment of Government Bonds (100,205) (80,268) 11,224
In terms of % of GDP* -3.4% -2.5% 0.3%
Fiscal reserves at 31 March 734,585 654,317665,541
In terms of % of GDP* 24.6% 20.5% 20.0%

*The nominal GDP data is sourced from the Office of the Government Economist and is reported on a calendar year basis

Please click here for the following financial statements :-

  • Monthly financial results
  • Quarterly accounts published in the Gazette
  • Cash-based annual accounts
  • Accrual-based consolidated financial statements