Bustle of the city: Pedestrians crossing a busy street in the central district of Hong Kong. — AFP
HONG KONG: Hong Kong will give more handouts to consumers to support the city’s recovery from a prolonged economic downturn induced by Covid-19 restrictions, Financial Secretary Paul Chan announced in the 2023/24 budget.
The global financial hub will issue vouchers worth HK$5,000 (RM2,800) per person to all adults this year, half the amount issued in 2022 as Chan attempts to dial down fiscal spending with an eye on the city’s coffers.
