public expenditure – Charm

Hong Kong’s budget will focus on ‘fiscal consolidation’: Paul Chan

Cs news11 hours ago02 mins

Hong Kong will follow a strategy of “fiscal consolidation”, with the government “strictly controlling” public spending to address the deficit even as it seeks to improve services related to residents’ livelihoods, the finance chief has said. Three days before he is set to deliver his 2025-26 budget speech, Financial Secretary Paul Chan Mo-po on Sunday…

Editorial | Hong Kong budget must have reform in mind as it restores fiscal health

Cs news2 days ago04 mins

Tackling a ballooning deficit has become the overriding priority for Financial Secretary Paul Chan Mo-po. However, there is more to public finance than just balancing the books. From curbing public expenditure and boosting revenues to making bold economic reforms and fostering advancement within the national development framework, Chan is facing his toughest challenge yet when…