Hong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May TseHong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May Tse
Hong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May Tse
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Wise policy decisions required to bring calm in economic storm

  • Even with support from the US dollar peg, the Hong Kong government will need to offer greater fiscal help despite two rounds of relief measures taking the current budget deficit to nearly HK$290 billion

Hong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May TseHong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May Tse
Hong kong is facing a HK$139 billion budget deficit in the coming financial year. Photo: May Tse
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