Financial Secretary Paul Chan says the city’s reserves will rise to HK$1.16 trillion by the end of March. Photo: Sam Tsang
Hong Kong’s finance minister offers HK$150 billion in targeted spending on health, welfare and IT
- Paul Chan lays out strategy to fulfil four ‘S’ objectives of supporting enterprises, safeguarding jobs, stabilising economy and strengthening livelihoods
- While he offers usual tax breaks to salary earners and businesses, along with subsidies for students, budget is light on sweeteners as expected
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Hong Kong budget 2019-2020
Financial Secretary Paul Chan says the city’s reserves will rise to HK$1.16 trillion by the end of March. Photo: Sam Tsang