Hong Kong’s budget must help those who need it most
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Ahead of Hong Kong's upcoming budget speech, there is less public petitioning than usual, possibly due to coinciding religious observances or low expectations. The government anticipates an early operating account surplus, driven partly by a stock market boom. Financial Secretary Paul Chan Mo-po has stated that spending on healthcare, social welfare, and education has not been reduced. However, the government is also implementing funding cuts for universities and schools. The budget, the fourth since Hong Kong aimed to return to the world stage, is expected to address the needs of the population as the city strives to advance from stability to prosperity.
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