The Budget

每周焦點

【The Budget】HK flags first fiscal deficit in 15 years and faces gloomy outlook

Financial Secretary Paul Chan Mo-po announced on Wednesday the city’s first fiscal deficit in 15 years of HK$37.8 billion in 2019/2020, about 1.3% of GDP, and alerted deficits for the coming five years. He forecasts the deficit to increase to a record-high level of HK$139 billion in the coming year, …

每周焦點

【The Budget】HK to give HK$10,000 cash handouts to permanent adult residents to boost consumption

Financial Secretary Paul Chan Mo-po has announced that all Hong Kong permanent residents aged 18 or above will be eligible for cash handouts of HK$10,000 each. About 7 million people would be benefited from this one-off relief measure to boost local consumption and heal the wounded economy. Hong Kon …