Hong Kong finance minister Paul Chan Mo-po. Photo: Edmond So

Hong Kong finance chief Paul Chan says spending 2018-19 surplus on sweeteners would mean HK$20 billion deficit next year

  • Minister shoots down calls from lawmakers for more short-term relief measures as local economy feels the pressure
  • Chan argues HK$20,000 salary tax break offered in budget was generous compared with concessions in the last five years
Topic |   Hong Kong Budget 2019-2020

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Hong Kong finance minister Paul Chan Mo-po. Photo: Edmond So
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Financial Secretary Paul Chan expects a fiscal surplus of HK$58.7 billion for 2018-19, down by 57 per cent from the previous year. Photo: Sam Tsang

Hong Kong budget 2019: six key takeaways, from tax relief to help for struggling businesses

  • Financial Secretary Paul Chan presented his budget on Wednesday morning
  • He announced HK$150 billion worth of initiatives and funding in two-hour speech
Topic |   Hong Kong Budget 2019-2020

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Financial Secretary Paul Chan expects a fiscal surplus of HK$58.7 billion for 2018-19, down by 57 per cent from the previous year. Photo: Sam Tsang
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