Politik
04.05.2026KI-Zusammenfassung
Paul Chan should welcome lawmakers' budget scrutiny, not dismiss it
Financial Secretary Paul Chan's budget passed the Legislative Council, but lawmakers' concerns about fiscal plans are valid. The budget surplus was achieved only by counting bond proceeds as revenue and clawbacks from seed capital funds. Chan plans to use HK$150 billion from the Exchange Fund to increase bond issuance for the Northern Metropolis megaproject, raising concerns about the city's financial stability.
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SCMP Economy