The Inland Revenue Department at Revenue Tower in Wan Chai. Photo: Fung Chang

Hong Kong finance chief Paul Chan dials down budget relief measures after smaller surplus

  • Minister offers taxpayers HK$33.9 billion in rates and tax concessions, nearly HK$10 billion less than last year’s package
Topic |   Hong Kong Budget 2019-2020

TOP PICKS

The Inland Revenue Department at Revenue Tower in Wan Chai. Photo: Fung Chang
READ FULL ARTICLE
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
Topic |   Hong Kong Budget 2019-2020

TOP PICKS

Financial Secretary Paul Chan says the city’s reserves will rise to HK$1.16 trillion by the end of March. Photo: Sam Tsang
READ FULL ARTICLE