Financial Secretary Paul Chan expects a fiscal surplus of HK$58.7 billion for 2018-19, down by 57 per cent from the previous year. Photo: Sam Tsang

Hong Kong budget 2019: six key takeaways, from tax relief to help for struggling businesses

  • Financial Secretary Paul Chan presented his budget on Wednesday morning
  • He announced HK$150 billion worth of initiatives and funding in two-hour speech
Topic |   Hong Kong Budget 2019-2020

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Financial Secretary Paul Chan expects a fiscal surplus of HK$58.7 billion for 2018-19, down by 57 per cent from the previous year. Photo: Sam Tsang
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Financial Secretary Paul Chan says the city’s reserves will rise to HK$1.16 trillion by the end of March. Photo: Sam Tsang

Hong Kong’s finance minister offers HK$150 billion in targeted spending on health, welfare and IT

  • Paul Chan lays out strategy to fulfil four ‘S’ objectives of supporting enterprises, safeguarding jobs, stabilising economy and strengthening livelihoods
  • While he offers usual tax breaks to salary earners and businesses, along with subsidies for students, budget is light on sweeteners as expected
Topic |   Hong Kong Budget 2019-2020

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Financial Secretary Paul Chan says the city’s reserves will rise to HK$1.16 trillion by the end of March. Photo: Sam Tsang
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