2007-08 Government Final Accounts
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The government accounts for 2007-08, which ended on March 31, 2008, were gazetted today (July 11).
Revenue for the year amounted to $358.4 billion and expenditure $234.8 billion, resulting in a surplus of $123.6 billion.
The fiscal reserves stood at $492.9 billion at March 31, 2008, an increase of $123.6 billion compared with the balance of $369.3 billion as at March 31, 2007.
A government spokesman said that the final results for the financial year 2007-08 are the same as the provisional results published on April 30, 2008.
Ends/Friday, July 11, 2008
Issued at HKT 11:00
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