Surpluses, investments, tax breaks: what’s in it for you in Hong Kong’s budget 2026-27

Hong Kong's Financial Secretary Paul Chan Mo-po announced the 2026-27 budget, revealing a HK$2.9 billion surplus, a significant turnaround from the previously projected deficit. The budget focuses on government support and investment in key industries like AI, IP, and aerospace, as well as major development projects such as the Northern Metropolis, which will be partially funded by the Exchange Fund. Initiatives to boost tourism are also included. While prioritizing strategic investments, the budget also emphasizes prudent spending, with a 2% cap on recurrent expenditure for the next two financial years. The announcement was made to the Legislative Council on Wednesday. The budget aims to capitalize on Hong Kong's faster-than-expected economic recovery.

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