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Hong Kong budget 2021-22: current year’s deficit at record HK$257.6 billion, but lower than previous estimate of HK$300 billion

Hong Kong’s economy is set to bounce back from the devastation wrought by the Covid-19 pandemic to register growth of up to 5.5 per cent in 2021, a boost that will allow the finance chief to dish out coupons worth HK$5,000 to each permanent resident. 

Financial Secretary Paul Chan Mo-po delivered an optimistic outlook for the city’s economic recovery during his budget address on Wednesday morning, assuming the successful roll-out of the city’s Covid-19 vaccination drive, which launched this…Hong Kong’s economy is set to bounce back from the devastation wrought by the Covid-19 pandemic to register growth of up to 5.5 per cent in 2021, a boost that will allow the finance chief to dish out coupons worth HK$5,000 to each permanent resident. 

Financial Secretary Paul Chan Mo-po delivered an optimistic outlook for the city’s economic recovery during his budget address on Wednesday morning, assuming the successful roll-out of the city’s Covid-19 vaccination drive, which launched this…Read MoreSouth China Morning Post