Economics

What to Expect in Hong Kong's Budget From Vouchers to Interest Rates

Government likely to forecast a fourth deficit for 2022-2023
Experts expect distribution of consumption vouchers amid virus

Since January, the Covid-19 outbreak has forced authorities to implement tough restrictions on everything from restaurant opening hours to draconian flight bans that economists warn will leave a heavy toll on growth in Hong Kong.
Photographer: Paul Yeung/Bloomberg

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By Krystal Chia and Cynthia Li

February 21, 2022 at 9:00 PM UTC

Updated on

February 22, 2022 at 7:14 AM UTC

This article is for subscribers only.

Hong Kong’s government is expected on Wednesday to unveil a budget that’s headed further into the red as the surging virus threatens to engulf the economy.

Since January, the Covid-19 outbreak has forced authorities to implement tough restrictions on everything from restaurant opening hours to draconian flight bans that economists warn will leave a heavy toll on growth.