HONG KONG (Bloomberg): Hong Kong's Financial Secretary Paul Chan pledged HK$120 billion (US$15.5 billion) of fiscal support targeted at consumers and the unemployed to help boost an economy emerging from two years of recession.
The counter-cyclical measures include spending vouchers of HK$5,000 for each resident and HK$15 billion of guaranteed loans for those without jobs, Chan said in his budget speech to the Legislative Council on Wednesday (Feb 24).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!