Commuters in Central during rush hour. Land sales have also plummeted, generating only HK$17.2 billion in income for the government in the first five months of the year. Photo: Xiaomei Chen
Commuters in Central during rush hour. Land sales have also plummeted, generating only HK$17.2 billion in income for the government in the first five months of the year. Photo: Xiaomei Chen

Hong Kong may record its second worst deficit at more than HK$100 billion amid ongoing coronavirus pandemic: Paul Chan

  • Government’s financial reserves might further dip to around HK$800 billion, Chan reveals on blog
  • ‘Amid the economic slump, the government’s revenue is not going to meet its expectation while its spending is going up,’ finance chief says

Commuters in Central during rush hour. Land sales have also plummeted, generating only HK$17.2 billion in income for the government in the first five months of the year. Photo: Xiaomei Chen
Commuters in Central during rush hour. Land sales have also plummeted, generating only HK$17.2 billion in income for the government in the first five months of the year. Photo: Xiaomei Chen
READ FULL ARTICLE