The financial deficit dropped slightly, to $54.9 billion at the end of November after the Government started to receive tax revenue. Spending from April to November was $154.6 billion and revenue $99.7 billion, it was announced yesterday. The figure represents a slight drop from the $60.7 billion shortfall at the end of September. While there was a surplus of $8 billion in November, a government spokesman said the improvement was mainly due to profits tax receipts taken during the month. He said that due to the recent slowdown in the economy and uncertainties in the world economic situation, revenue for the remainder of the financial year would be much lower than expected. The reserves stood at $375.3 billion at the end of November. Financial Secretary Antony Leung Kam-chung has estimated the budget deficit will increase to $60 billion this year from an original forecast of $3 billion.