Financial Secretary Paul Chan Mo-po is announcing a huge relief package for Hongkongers. Photo: K.Y. Cheng

Hong Kong budget to hit record deficit of HK$139 billion with relief measures of HK$10,000 per individual and full loan backing for small firms

  • All adult permanent residents in Hong Kong to receive the payment, plus HK$700 million boost for tourism hit by coronavirus and protests
  • Government spending forecast to outstrip revenue by HK$139 billion in 2020-21, deficit predicted for six years in a row
Topic |   Hong Kong budget 2020-2021
Financial Secretary Paul Chan Mo-po is announcing a huge relief package for Hongkongers. Photo: K.Y. Cheng
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