TNAG-0453-FCO40-518-Budget-of-Hong-Kong-1974-1975-1975 — Page 23

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FRIDAY, SEPTEMBER 20, 1974

JUNE ACCOUNTS SHOW $100 MILLION DEFICIT

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THE HONG KONG GOVERNMENT ACCOUNTS FOR THE MONTH OF JUNE 1974 SHOW A DEFICIT OF $100 MILLION, COMPARED WITH A DEFICIT OF $93 MILLION IN JUNE LAST YEAR.

THIS HAS RESULTED IN AN ACCUMULATED DEFICIT OF $282 MILLION FOR THE FIRST QUARTER OF THIS FINANCIAL YEAR, COMPARED WITH A SURPLUS OF $10 MILLION FOR THE SAME PERIOD LAST YEAR.

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TOTAL REVENUE FOR THE MONTH AT $341 MILLION WAS $76 MILLION MORE THAN IN JUNE 1973. TOTAL EXPENDITURE AT $441 MILLION WAS. $83 MILLION MORE THAN THE SAME MONTH LAST YEAR.

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