News: The government's accounts for the 2025/26 fiscal year are expected to turn a profit ahead of schedule, with the debt ratio remaining very robust

Government sources indicate that the government's operating accounts and consolidated accounts for the fiscal year 2025/26 will return to surplus ahead of schedule. Due to a booming stock market, the average daily turnover last year reached HKD 250 billion, driving stamp duty revenue up to HKD 99.5 billion; profits tax revenue is approximately HKD 210 billion, both exceeding expectations. At the same time, government departments "should spend as needed," and a reduction in recurrent expenditure has also contributed an additional surplus of HKD 10 billion to HKD 20 billion.

Sources mentioned that in the coming years, the annual bond issuance scale in Hong Kong will increase to HKD 160 billion to HKD 220 billion, while government debt as a percentage of local GDP will remain below 20%, which is a very robust level, far lower than the 1 to 2 times seen in advanced economies, with Japan at 2.9 times