[ad_1]
This stay weblog has been made freely obtainable as a public service to our readers. Please take into account supporting SCMP’s journalism by subscribing.
Hong Kong’s finance chief on Wednesday revealed his newest price range blueprint, with the purpose to spice up restoration momentum within the aftermath of the Covid-19 pandemic.
Monetary Secretary Paul Chan Mo-po is predicted to dish out one more spherical of client vouchers – a transfer authorities have turned to over the previous two years – regardless of some politicians and economists questioning the coverage’s effectiveness. The most recent quantity for every person will probably be HK$5,000 and delivered in two tranches, in contrast with HK$10,000 for the earlier spherical.
An insider stated Chan would additionally unveil a “Comfortable Hong Kong” marketing campaign, underneath which the federal government would work with the town’s two theme parks and different companions to organise a sequence of actions to spice up home consumption.
The marketing campaign – that includes quite a lot of music and meals carnivals concentrating on native residents – was additionally a bid to make sure higher utilization of the buyer vouchers, the supply stated.
The finance minister on Sunday stated the town nonetheless needed to enhance future funding and strengthen financial restoration after accumulating a “pretty excessive” fiscal deficit over the previous three years.
Observe our stay weblog under for the newest updates from the price range deal with.
Reporting by Jeffie Lam, Lilian Cheng, Chris Lau, Denise Tsang, Rachel Yeo, Kahon Chan, Sammy Heung and Emily Hung
[ad_2]
Source link