Hong Kong Budget for 2024-25: Strategies for Returning to Fiscal Balance
Wednesday, 28 February 2024, 15:27
Hong Kong Budget 2024-25 Overview
Hong Kong is taking measures to achieve fiscal balance by utilizing the Future Fund and issuing bonds.
Deficit Challenges
- The deficit in Hong Kong has persisted since 2019-20.
- The shortfall expanded significantly to HK$101.6 billion this year.
Strategies involving the dipping into the Future Fund and issuing bonds are critical to returning to a balanced fiscal state.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.