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Hong Kong budget 2024-25i

Hong Kong’s finance chief Paul Chan Mo-po is set to deliver his budget speech on February 28. The budget is estimated to exceed HK$100 billion, with the city hoping to boost its sluggish economic recovery after the Covid-19 pandemic.

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  • Liu Pak-wai, an economics professor and former government adviser, says city’s 6 per cent debt-to-GDP ratio could easily go up to 10 per cent without problems
  • But he warns cash would need to go to bricks-and-mortar projects, not to fund operating expenses such as salaries and healthcare
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