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<Budget>Paul Chan: 2025/26 Revised Estimate of Total Govt Rev. ~$688.8B, 4.5% Above Original Estimate
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Financial Secretary Paul Chan said that the 2025-26 revised estimate of total government revenue is about $688.8 billion, higher than the original estimate by 4.5%. Due to a buoyant equity market and an accelerated economic growth, the revenue estimate from stamp duties is revised to $99.5 billion, an increase of about $31.9 billion from the original estimate. Revenue from profits tax has increased by about $16.8 billion while that from salaries tax remains stable, with the revised estimates at $209 billion and $97 billion respectively, demonstrating the strong resilience of Hong Kong's economy. However, as the residential property market has just stabilised while the commercial property market remains relatively sluggish, government revenue from land premium stays low with the revised estimate at $17.5 billion, lower than the original estimate by $3.5 billion. AAStocks Financial News |
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