HONG KONG: Hong Kong's finance chief unveiled a "belt-tightening" budget on Wednesday (Feb 26) that aimed to end the city's string of record-high deficits by 2028 while seeking growth in areas such as artificial intelligence.
Annual deficits exceeded US$22 billion in four of the past five years, according to official figures -- the worst balance sheet since the former British colony was handed over to China in 1997.
