Hong Kong’s public spending set to exceed revenue for the first time in 15 years. Photo: Roy Issa

Hong Kong budget deficit will not top 3 per cent of GDP, says finance chief Paul Chan, as city buffeted by US-China trade war and anti-government protests

  • Officials estimate shortfall of about HK$80 billion, based on a GDP in the region of HK$2 trillion for the year to March
  • Chan says such a deficit – the first in 15 years – is acceptable by international standards
Topic |   Hong Kong economy

TOP PICKS

Hong Kong’s public spending set to exceed revenue for the first time in 15 years. Photo: Roy Issa
READ FULL ARTICLE
Denise Tsang

Denise Tsang

Denise Tsang is an award-winning journalist, with her career built on covering business and Hong Kong local news. She has won a number of regional and Hong Kong press awards and was a part-time lecturer on business journalism at Hong Kong Baptist University.

Kanis Leung

Kanis Leung

Kanis is a reporter for the City desk. She joined the Post in 2018.