TNAG-0453-FCO40-518-Budget-of-Hong-Kong-1974-1975-1975 — Page 230

5/21 (1977-0

RECEIVED IN

REGISTR

'0.1

26 FEB 1974

Enter

HK Badger file

O

HKK 5/20

23-4

Friday, February 15, 1974

= 3

$242 MILLION DEFICIT RECORDED

For First Seven Months Of Current Financial Year

The government accounts for the month of October 1973 show a

deficit of $88 million compared with a surplus of $91 million in October

1972.

This has resulted in a total deficit of $242 million for the

first seven months of this financial year.

Total revenue for the month at $347 million was $21 million less

than in October 1972. The total revenue for the first seven months of

the financial year was $2,319 million - $283 million more than in the same

period the previous year.

Expenditure amounted to $435 million, an increase of $158 million

over October 1972. This brings the total expenditure for the first seven

months of the financial year to $2,561 million, which was $612 million more

than the same period the previous year.

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