Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa
Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa

Hong Kong budget deficit ‘unavoidable’ for two years, finance chief Paul Chan says

  • The city will be in the red in 2020-21, as well as this year, the senior official said on Saturday
  • It is too early to say whether public spending will exceed income over the longer term, Chan adds

Topic |   Hong Kong economy
Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa
Hong Kong will have a deficit this year as well as next, the city’s finance chief predicted on Saturday. Photo: Roy Issa
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