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Financial Results of the Government of the HKSAR

HK$ million

  2022-23 2023-24 2024-25
Revenue 622,147 549,406 564,909
Expenditure 810,477 721,301753,220
Deficit before issuance and repayment of Government Bonds (188,330) (171,895) (188,311)
Proceeds received from issuance of Government Bonds 65,992 72,490 130,036
Repayment of principal on Government Bonds - 800 21,993
Deficit after issuance and repayment of Government Bonds (122,338) (100,205) (80,268)
In terms of % of GDP* -4.4% -3.4% -2.5%
Fiscal reserves at 31 March 834,790 734,585654,317
In terms of % of GDP* 29.7% 24.6% 20.6%

*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