Government’s financial results for four months ended July 31, 2026
Source: Hong Kong Government special administrative region
Government’s financial results for four months ended July 31, 2026
July 31, 2026 HK$ millionJuly 31, 2026 HK$ millionand repayment of Government Bondsissuance of Government BondsGovernment Bonds*and repayment of Government BondsGovernment Debts as at July 31, 2026 (Note 3) HK$448,704 million Debts Guaranteed by Government as at July 31, 2026 (Note 4) HK$106,357 million
TABLE 2. FISCAL RESERVES
July 31, 2026 HK$ millionJuly 31, 2026 HK$ millionissuance and repayment of Government Bonds(Note 5)Notes:
1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at July 31, 2026, was HK$152,842 million.
2. Includes transactions with the Exchange Fund and resident banks. (ii) the Infrastructure Bonds (equivalent to HK$151,555 million as at July 31, 2026) issued under the Infrastructure Bond Programme. They were denominated in US dollars (US$500 million with maturity in May 2031), Renminbi (RMB56,500 million with maturity from November 2026 to May 2056) and Hong Kong dollars (HK$81,980 million with maturity from August 2026 to May 2056); and
(iii) the Silver Bonds with nominal value of HK$108,458 million (with maturity in October 2027 and October 2028 and may be redeemed before maturity upon request from bond holders) issued under the Infrastructure Bond Programme.
They do not include the outstanding bonds with nominal value of HK$100,289 million and alternative bonds with nominal value of US$1,000 million (equivalent to HK$7,843 million as at July 31, 2026) issued under the Government Bond Programme with proceeds credited to the Bond Fund. Of these bonds under the Government Bond Programme (including Silver Bonds with nominal value of HK$53,189 million, which may be redeemed before maturity upon request from bond holders), bonds with nominal value of HK$53,189 million were repaid upon maturity on August 18, 2026; bonds with nominal value of HK$16,600 million will mature within the period from September 2026 to July 2027, and the rest within the period from August 2027 to May 2042.
4. Includes guarantees provided under the SME Loan Guarantee Scheme launched in 2001, the Special Loan Guarantee Scheme launched in 2008, the SME Financing Guarantee Scheme launched in 2012, the Loan Guarantee Scheme for Cross-boundary Passenger Transport Trade, the Loan Guarantee Scheme for Battery Electric Taxis and the Loan Guarantee Scheme for Travel Sector launched in 2023, and the commercial loan under the Guaranteed Medium Term Note Programme of the Hong Kong Cyberport Management Company Limited. Issued at HKT 16:30