Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam
Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam

Hong Kong finance minister sounds alarm over city’s financial stability as recurrent spending nears half a trillion dollars a year

  • Paul Chan points to rapid growth in government spending which has ballooned 25 per cent in past three years
  • Financial secretary says city facing record deficit of HK$300 billion

Topic |   Hong Kong economy
Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam
Financial Secretary Paul Chan has issued a warning about the city’s financial stability. Photo: Nora Tam
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