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Hong Kong faces its biggest budget deficit in 30 years, with a $252 billion shortfall.
Hong Kong is grappling with its largest budget deficits in three decades, with a record HK$252 billion deficit in the 2020-2021 fiscal year.
This financial strain, exceeding $20 billion in three of the last four years, is driven by factors including the pandemic and political tensions, causing a drop in tax revenue and increased spending.
Experts advise careful economic measures as the city faces weakening growth.
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Hong Kong se enfrenta a su mayor déficit presupuestario en 30 años, con un déficit de 252.000 millones de dólares.