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