Hong Kong to Tackle Deficit, Slower Economic Growth in Budget
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
0mins
Source: Bloomberg
Fiscal Challenges in Hong Kong: Hong Kong officials are set to announce a budget aimed at addressing the city's ongoing fiscal deficits and slower economic growth, focusing on spending cuts and potential revenue increases, including taxes on high earners and adjustments to subsidies.
Economic Outlook and Revenue Concerns: The city faces significant challenges with declining property sector revenues and constrained consumer spending, leading to an expected shortfall of HK$100 billion for the current fiscal year, while external factors like US-China trade tensions further complicate the economic landscape.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
