Hong Kong Financial Secretary Paul Chan on Wednesday unveiled an expansionary budget to support households and businesses so as to stabilize the economy.
In his 2022-23 budget speech, Chan said counter-cyclical measures costing a total of over HK$170 billion, together with spending in infrastructure projects and other items, will boost the economy by around three percentage points.
He earmarked HK$20 billion for other potential anti epidemic needs. "We will provide full support to fight the epidemic should more resources be required."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.