XN000022-1972-08-12 — Page 2

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Saturday, August 12, 1972

GOVERNMENT ACCOUNTS SHOW DEFICIT FOR JUNE

The Hong Kong Government accounts for the month of June 1972 show a

deficit of $82.04 million compared with a surplus of $30.67 million in June

last year.

;

This has resulted in a total deficit of $83.31 million for the first

quarter of this financial year.

A Government spokesman said today that in the past three years the

accounts had shown a surplus at the end of the first quarter.

Total revenue for the month at $246.90 million was $16.71 million more

than in June 1971. Expenditure amounted to $328.95 million, an increase of

$129.43 million over the same month last year.

!

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