Economists expect prudent Hong Kong budget as city looks to tackle deficit

Quick Summary:

Hong Kong is facing a projected deficit of almost HKD$100 billion (US$13 billion) – double the city’s target – for the 2024-25 financial year.

Another area which Hong Kong could exploit is that of money flowing back into the city, with more attractive policies to court family-office investments and initial public offerings.

HONG KONG: Hong Kong's financial chief Paul Chan is set to deliver the annual budget speech on Wednesday (Feb 26).

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongUnited States

Topics: Cent Financial Government Hong Billion Kong Budget Year City’s Revenue City

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 17:38:39 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1016 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26429447

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 48 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

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Publisher ID: #27

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