Hong Kong faces a HK$100 billion budget deficit, seeking public input on financial management and new growth strategies.

Financial Secretary Paul Chan Mo-po is seeking public input as Hong Kong faces a HK$100 billion budget deficit, largely due to lower-than-expected revenue from property and stock markets. Chan urges prudent financial management and highlights the need for new economic growth strategies. Despite challenges, he notes improvements in market confidence thanks to Beijing's support and Hong Kong's global efforts. The government may need to cut spending and prioritize projects like the Northern Metropolis development.

4 months ago
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