> Hong Kong to slash pubic spending amid fiscal deficit / 36YM7WH
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Hong Kong to slash pubic spending amid fiscal deficit / 36YM7WH
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Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's finance chief said Wednesday.
Financial Secretary Paul Chan revealed during an annual budget speech that the city reported a HK$87.2 billion (US$11.2 billion) deficit for the 2024-2025 financial year. IMAGES AND SOUNDBITES [COMPLETES VIDI36YN7BC_EN]
