Hong Kong’s Budget May Boost Handouts, Increase Land Supply
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Hong Kong Financial Secretary John Tsang may expand handouts and increase land supply in tomorrow’s budget after rising inflation and real-estate prices spurred lawmakers to demand relief measures.
Tsang may announce HK$25 billion ($3.2 billion) of giveaways, including electricity subsidies, for the year starting April 1, compared with HK$20.4 billion in the previous 12 months, according to Ernst & Young LLP. The economy probably grew an annual 5.5 percent in the fourth quarter, according to the median estimate of 13 economists in a Bloomberg News survey.