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Friday, August 3, 1973
DEFICIT OF $15 MILLION IN GOVERNMENT ACCOUNTS
A deficit of $15 million has been recorded in the Hong Kong
Government accounts for April the first month of the new financial
year.
This compares with a surplus of $12 million in April 1972.
Total revenue for the month was $294 million an increase
of 33 million over the previous April. Expenditure amounted to $309
million which was an increase of $60 million over the same month last
year.
A government spokesman said today that the expenditure included the payment of some 346 million to the Urban Council which was the yield
from the Urban Council Rate for April 1973.
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