Hong Kong Budget Set to Take Aim at Boosting Competitiveness, Lifting Recovery
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Hong Kong is set to announce its 2024-2025 budget with measures aimed at boosting competitiveness and solidifying its recovery. The budget is expected to report a bigger fiscal deficit for the fiscal year ending in March, with a deficit of HK$130 billion forecasted. The government could deploy its reserves to enhance competitiveness, with the fiscal reserve standing at HK$705 billion as of end March 2024. Measures to spur more investment and cultivate the green economy are also on the wish list. The budget announcement is expected to give the stock market a boost, particularly for sectors like property and financial services.

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https://www.marketwatch.com/story/hong-kong-budget-set-to-take-aim-at-boosting-competitiveness-lifting-recovery-2a93b3cc