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Hong Kong hands out cash, cuts duties in budget despite larger deficit
Aggregated Source: ChinaLegalBlog.com

BUDGET SPEECH. Hong Kong’s Financial Secretary Paul Chan delivers the annual budget address at the Legislative Council in Hong Kong, February 22, 2023.

Hong Kong will issue vouchers worth HK$5,000 ($637) per person to all adults in 2023, half the amount issued in 2022

HONG KONG – Hong Kong is set for back-to-back deficits but will give cash handouts and offer some help to first-time home buyers to help the economy recover from prolonged COVID-19 restrictions, the city’s government announced in its budget on Wednesday, February 22.…

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