Techub News: Hong Kong SAR Financial Secretary Paul Chan issued a blog post stating that a new fiscal budget will be announced on February 25. Benefiting from a booming financial market, including increased revenue from stamp duties, the SAR government’s operating accounts are expected to return to surplus earlier. As the SAR government increases investment in public works projects, the capital account will still record a deficit this year.
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Techub News: Hong Kong SAR Financial Secretary Paul Chan issued a blog post stating that a new fiscal budget will be announced on February 25. Benefiting from a booming financial market, including increased revenue from stamp duties, the SAR government’s operating accounts are expected to return to surplus earlier. As the SAR government increases investment in public works projects, the capital account will still record a deficit this year.