Hong Kong budget offers HK$10,000 handout to permanent residents as part of relief measures
By : South China Morning Post
Published On: 2020-02-26
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02:03
Hong Kong’s Financial Secretary Paul Chan unveiled the 2020-21 budget on February 26, 2020. He announced a HK$120 billion (US$15 billion) relief package to ease the burden on individuals and businesses amid the impact of the ongoing coronavirus epidemic and 2019’s Hong Kong protests with a cash handout of HK$10,000 for permanent residents aged 18 or above. However, the city will see a record deficit of HK$139 billion in the coming fiscal year.
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