Hong Kong’s Financial Secretary, John Tsang Chun-wah, has announced that the upcoming budget will focus on supporting economic growth and innovation. The government aims to bolster the economy in the face of global economic headwinds and enhance the city’s long-term competitiveness.
Key Priorities
- Economic Growth: The budget will include measures designed to stimulate economic activity across various sectors.
- Innovation and Technology: Significant resources will be allocated to promote technological advancements and innovation.
Specific Initiatives
While specific details are yet to be released, the Financial Secretary indicated that the budget will address key areas such as:
- Supporting small and medium-sized enterprises (SMEs).
- Investing in infrastructure projects.
- Promoting tourism and attracting foreign investment.
- Developing Hong Kong as a regional innovation hub.
The full budget will be presented later this month, providing a comprehensive overview of the government’s financial plans for the coming year.
