Edward Yau: Hong Kong's fiscal deficit for the last financial year has been revised downwards to 80.3 billion Hong Kong dollars. We will carefully consider increasing revenue from border infrastructure fees.

date
30/04/2025
According to the Zhitong Finance and Economics APP, the Legislative Council will continue to review the "Appropriation Bill" for the new budget today. Hong Kong Financial Secretary Paul Chan revised last year's deficit from HK$87.2 billion to about HK$80.3 billion, mainly due to an increase in stamp duty on stocks and lower departmental spending than expected. He urged when examining the government's finances, one should not focus on a single year but consider the entire cycle. He also mentioned that he has heard the public's opinions on increasing the cross-border infrastructure fee and will make a decision after "careful consideration".