HK Budget 2023/24: Tightening the purse strings or investing in the future? Feb 27, 2023 | JW Marriott Hong Kong | In-Person Event
The Hong Kong government forecasted a budget deficit for the fiscal year 2022/23 of HK$159 billion. The economy is estimated to contract by 3.5 per cent in 2022 but will show signs of recovery in 2023.
Paul Chan Mo-po, the financial secretary, says there is a pressing need to inject more resources to speed up economic recovery in the coming budget. He says, “when preparing for the 2023-24 budget, we will, on the one hand, continue to strive for stabilising and stimulating the economy as well as easing the pressure on members of the public and businesses; and on the other, plan for Hong Kong’s long-term development and allocate resources appropriately.”
Join us at Redefining Hong Kong on Feb 27th to hear experts discuss:
- With the reopening of the borders with China, will we see positive growth in the economy and fiscal reserves in the coming year?
- What are some of the sweeteners or initiatives that will help relieve the financial burden on businesses and individuals?
- How to enhance the city’s competitiveness, including tax and housing to further attract businesses, investments and talents?
South China Morning Post is a leading global news company that has reported on China and Asia for more than a century. Founded in 1903, SCMP is headquartered in Hong Kong, where it is the city’s newspaper of record, with a growing correspondent staff across Asia and the United States. SCMP's vision is to “Elevate Thought” and our mission is to “Lead the global conversation about China”. Additionally, SCMP publishes a portfolio of premium lifestyle and fashion titles in Hong Kong including Cosmopolitan,ELLE, Esquire and, Harper’s BAZAAR. SCMP is also home to Abacus, a digital news brand focused on China's tech industry; Inkstone, a daily news brief for those curious about China's growing impact around the world; and Goldthread, a content platform with a focus on food, travel and culture in China.