Hong Kong's Financial Secretary Paul Chan Mo-po has revealed that the budget for the upcoming fiscal year will be unveiled on February 25. This announcement comes amid a backdrop of positive financial indicators, although challenges remain, as highlighted by the trends observed in the material.
Positive Fiscal Outlook for Hong Kong
Chan's statement noted an early operating account surplus, suggesting a favorable fiscal outlook for Hong Kong. This surplus is a positive sign for the region's economy, reflecting effective financial management and growth potential.
Capital Account Deficit and Infrastructure Development
However, the Financial Secretary pointed out a capital account deficit, primarily driven by increased investments in public works. This highlights the government's commitment to infrastructure development, even as it navigates fiscal challenges.
Strategies for Ongoing Fiscal Needs
To address ongoing fiscal needs, Chan emphasized the importance of continued bond issuance strategies. He also urged a cautious approach towards the development of stablecoins, indicating a balanced perspective on innovation and financial stability.
Following the positive fiscal outlook announced by Hong Kong's Financial Secretary, the city is also preparing for the return of Consensus by CoinDesk in 2026. This major event will gather industry leaders and innovators, offering insights into the future of finance. Read more.
