The Hong Kong government has produced a consolidated surplus earlier than expected, its first in four years, ahead of a rare transfer into coffers from the Exchange Fund and other sources.
Wednesday’s budget pointed to fund transfers of HK$127.83 billion (US$16.35 billion) and an 11.1 per cent jump in government revenues contributing to another surplus for 2026-27, on top of the one for the 2025-26 financial year.
“We will bring back about HK$15.8 billion from funds established outside the…
Rare move to take income out of Exchange Fund to pay for Northern Metropolis, other big projects
