Hong Kong’s heavy investment in public works will keep the capital account in deficit, highlighting the need for bond issuances to fund critical infrastructure and long-term development, the finance chief has said as he revealed the annual budget will be delivered on February 25.
Financial Secretary Paul Chan Mo-po also said on Sunday that core spending on education, healthcare and social welfare consumed nearly 60 per cent of the budget, even as higher stamp duty revenue and other income…
Source: Hong Kong must issue bonds as public works drive capital account deficit: Paul Chan
