The budget was presented by Financial Secretary Paul Chan on Wednesday. Counter-cyclical measures will total over HK$170 billion ($21.79 billion), to boost economy by about three percentage points. Forecasts average growth rate of 3% per annum in real terms from 2023-2026.

Reuters

United Kingdom

Hong Kong budget offers COVID relief with tax breaks, handouts

Hong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent social restrictions imposed in the city to curb the spread of COVID-19, Finance Secretary Paul Chan said.

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Boosting testing capacity and buying booster shots were among variety of initiatives to be funded with HK$67.5 billion earmarked in city’s latest budget.

South China Morning Post

Alibaba Group

Hong Kong

Hong Kong budget: HK$67.5 billion set aside for Covid-19 fight

HONG KONG: Hong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent social restrictions imposed in the city to curb the spread of COVID-19, Finance Secretary Paul Chan said.
The 2022-23 Budget proposals were announced as hundred

Channel News Asia

Government of Singapore

Singapore

Hong Kong Budget targets COVID-19 relief with tax breaks, handouts

Financial Secretary Paul Chan said the spread of the virus has "dealt a heavy blow to many people, disrupting both their life and work."

CNBC

Roberts family

United States

Hong Kong announces $21 billion budget to support economy as city battles new Covid wave

Hong Kong's finance chief on Wednesday unveiled a costly HK$170 billion ($21.79 billion) budget, including tax breaks and consumer spending vouchers, as the city reels from its worst coronavirus outbreak to date.
While rival finance centres are emerging from pandemic isolation and reopening to the world, Hong Kong has found itself overwhelmed by the highly infectious Omicron variant after the city's previously successful zero-Covid strategy crum…

IBTimes

IBT Media

Hong Kong Unveils $22 Bn Budget For Virus Plagued Economy

Hong Kong's finance chief on Wednesday unveiled a costly HK$170 billion ($21.79 billion) budget, including tax breaks and consumer spending vouchers, as the city reels under its worst coronavirus outbreak to date.


The Guardian Nigeria

Scott Trust Limited

Nigeria

Hong Kong unveils $22 bn budget for virus plagued economy

Hong Kong on Wednesday unveiled a massive $22 billion budget, which contains new measures to fight COVID-19 and stimulate the island's sagging economy amid a new wave of infections.

News World Communications

Washington

District of Columbia

Hong Kong's $22 billion budget for 2022 includes COVID-19 measures, stimulus

HONG KONG (Reuters) -Here are highlights of Hong Kong's budget for the fiscal year starting in April 2022, unveiled by Financial Secretary Paul Chan on Wednesday: KEY FIGURES * Counter-cyclical

Herring Networks

San Diego

San Diego County

California

Hong Kong budget for fiscal 2022/23

(Bloomberg) -- Hong Kong’s Financial Secretary Paul Chan outlined new support measures for consumers and the unemployed as an escalating virus outbreak takes a toll on the economy.Continue Reading. Read more on Global Economics by BloombergQuint.

Bloomberg Quint

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Mumbai

Maharashtra

India

Hong Kong Boosts Support for Consumers as Virus Hits Economy

Bars, gyms, beauty parlours and 12 other types of venues are closed, while restaurants cannot operate beyond 6.00pm.

Khaleej Times

Suhail Galadari

Dubai

United Arab Emirates

Covid-19: Hong Kong flags tax breaks, handouts for relief in 2022-23 budget

Business

Asia

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Hong Kong Economy

Asian Economy

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Hong Kong Politics

Hong Kong Free Press

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DMT NEWS

The 2022 budget includes a number of items that focus on fighting COVID-19, tax cuts and property rate concessions. Financial secretary Paul Chan said that he's earmarked almost $6.9 billion for anti-CO VID-19 needs. Chan announced a 100% reduction in profits tax for businesses and salaries tax for individuals.

Hong Kong announces $21 billion budget to support economy as city battles new Covid wave

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