HONG KONG (XFN-ASIA) - The Hong Kong government said it recorded a fiscal surplus of 37.1 bln hkd in the month of January, resulting in a 10-month to January net surplus of 42.9 bln hkd.

Expenditure for the first 10 months of the fiscal year to March reached 188.7 bln hkd, while revenue stood at 231.6 bln hkd, it said.

A government spokesman said the surplus in January was mainly due to the collection of tax on profits and salaries.

Fiscal reserves stood at 353.6 bln hkd as of end-January, he added.

roby.lau@xfnc.com

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