This is a page of coverage on Hong Kong Budget 2024
Financial Secretary of Hong Kong Paul Chan delivered the budget for 2024 in the Legco this morning, the theme of the budget is “Advance with Confidence. Seize Opportunities. Strive for High-quality Development”
He said Hong Kong is returning to normalcy, but faces challenges from geopolitical uncertainties and economic factors. Embracing innovation and digital transformation is vital for economic momentum amidst global changes.
Hong Kong expects to draw more talent, capital, and businesses with its stable development and unique institutional advantages. Yet, as the epidemic eases, there’s a need to consolidate public finances, aiming to progressively narrow the fiscal deficit and restore balance.
You can watch the full Council meeting here: