Date
24 March 2017
Ayesha Macpherson says the government might announced HK$17.3 billion in one-off relief. Photo: HKEJ
Ayesha Macpherson says the government might announced HK$17.3 billion in one-off relief. Photo: HKEJ

Hong Kong poised for HK$80.7 bln surplus, says KPMG

Hong Kong is poised to record a budget surplus of HK$80.7 billion (US$10.36 billion) in the fiscal year to March.

The figure is more than twice the official estimate of HK$36.8 billion, the Hong Kong Economic Journal reports, citing global auditors KPMG.

The Association of Hong Kong Accountants put the fiscal surplus at HK$44.3 billion, on top of HK$45 billion in investment income the government has pledged to inject to the housing reserves.

The government might announce HK$17.3 billion in one-off relief, KPMG partner Ayesha Macpherson said.

These could include rate concessions and reduced income and profit taxes.

KPMG said the government should waive stamp duty for permanent residents on homes worth no more than HK$4 million.   

[Chinese version中文版]

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