Theme: “Moving forward with confidence. Seize opportunities. “Towards quality development'', the budget blueprint to be released on Wednesday morning includes a series of measures to boost growth. include.
Residential house prices fell for the ninth straight month in January to levels seen in 2016, with all decade-old cooling measures aimed at curbing speculation immediately set to revive Hong Kong's sluggish property market. Abolished. .
While new funds will be allocated to revitalize the tourism industry, small subsidies will be provided for payroll taxes and profit taxes to ease the financial burden on citizens and small and medium-sized businesses amid the government's dire financial situation. ing.
The finance secretary will take a more targeted approach to spending this year as the city's budget deficit balloons to more than HK$100 billion and the city's fiscal reserves could be at their lowest level in a decade. He promised to abolish consumption vouchers for residents.
Reporting by Jeffie Lam, Denise Tsang, Lo Hoi-ying, Sammy Heung, Elizabeth Cheung, Lilian Cheng, Natalie Wong, Oscar Liu, Connor Mycroft, Jess Ma, Harvey Kong
