Hong Kong government deficit to balloon to HK$100 billion in 2024-25: Paul Chan
Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on…