Hong Kong SAR Government: Recorded a deficit of 30.3 billion Hong Kong dollars in the first two months of the new fiscal year, with fiscal reserves of 635.2 billion Hong Kong dollars.

On June 30, the Hong Kong SAR government announced the financial situation for the first two months of this fiscal year (up to May 31, 2026). Expenditure and revenue for the first two months of this fiscal year were HK$125.1 billion and HK$60.9 billion respectively. After taking into account the proceeds of HK$37.4 billion from issuing government bonds and repaying HK$3.5 billion in principal on government bonds, a deficit of HK$30.3 billion was recorded. The fiscal reserves stood at HK$635.2 billion on May 31, 2026. A government spokesperson stated that the deficit up to May was mainly due to the fact that major sources of revenue such as salaries tax and profits tax are mostly collected in the later part of the fiscal year.