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Friday, October 13, 1972
GOVERNMENT ACCOUNTS SHOW DEFICIT FOR FIRST FIVE MONTHS
The Hong Kong Government accounts for the month of August 1972
show a deficit of $15.5 million compared with a deficit of $10.4 million
in August last year.
This has resulted in a total deficit of $17.8 million for the
first five months of this financial year. In the past three years, the
accounts have been in surplus at the end of the first five months.
Total revenue for the month at $252.4 million was $66.4 million
more than in August 1971. The total revenue for the first five months of
the financial year at $1,363 million was $258 million more than the same
period last year.
Expenditure amounted to $268 million, an increase of $71.6 million
over the same months last year. This brings the total expenditure for the
first five months of the financial year to $1,381 million, which was #326
million more than the same period last year.
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