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<Budget>Paul Chan Expects Govt to Save ~HKD7.8B/ HKD15.6B in Recurrent Expenditure in 2026-27 & 2027-28
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Paul Chan, Hong Kong's Financial Secretary, stated that the government will continue strictly containing the growth of its operating expenditure and take forward the Productivity Enhancement Programme as planned. On the premise that Comprehensive Social Security Assistance (CSSA), Social Security Allowance and statutory expenditures will not be affected, the government's recurrent expenditure will be cut by 2% in both 2026-27 and 2027-28, delivering further savings of about HKD7.8 billion and HKD15.6 billion respectively over 2025-26. AAStocks Financial News |
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