Government sees HK$9.4 billion shortfall from April to May The government saw a deficit of HK$9.4 billion from April to May and the financial reserves stood at HK$510.8 billion, it announced yesterday. By May 31, government spending amounted to HK$43.8 billion and revenue was HK$34.4 billion. A government spokesman said that the deficit for the period was mainly because some major types of revenue, including salaries and profits taxes, were mostly received towards the end of the financial year. New head and members for Deposit Protection Board Financial Secretary John Tsang Chun-wah has appointed the chairwoman and members of the Hong Kong Deposit Protection Board for a term of two years starting today. Pamela Chan Wong-shui, former chief executive of the Consumer Council, was appointed chairwoman. Four new members, Annie Chan Wai-hing, Francis Chin Yuk-lun, Eugene Ho and David Kidd were appointed. They are from the accounting, information technology, legal and banking sectors.