Deloitte: Hong Kong's annual deficit is expected to exceed HK$100 billion.

GoldenOctober2024

2024-11-12 07:51:23

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Golden data 12 November news, Deloitte Hong Kong fiscal budget team on 12th at a press conference to review the current fiscal situation in Hong Kong said that the deficit for the fiscal year 2024-2025 may exceed 100 billion Hong Kong dollars, and the fiscal reserves as of March 31 next year are expected to decrease to about 600 billion Hong Kong dollars, a year-on-year decrease of 18.32%. In addition, Deloitte also introduced three proposals for the 2025-2026 Hong Kong fiscal budget, including enhancing Hong Kong’s competitiveness from a tax policy perspective, comprehensive review of tax incentives and reduction measures, consolidating Hong Kong’s status as an international financial center and asset management center, and establishing a more attractive business environment for the digital economy.

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