Accounting body projects boost in HK's finances
發佈日期: 2026-01-28 21:43
TVB News
The Hong Kong Institute of Certified Public Accountants projects an improvement in the city's finances.
It estimates the fiscal deficit for 2025/26 will plummet to 1.4 billion dollars -- a sharp contrast to the government's forecast of 67 billion dollars.
The group believes one of the reasons behind the projected recovery was a resurgent stock market, which has pumped significantly more stamp duty revenue into the government's coffers.
The city is still in the red, but this is due to significant investment in infrastructure.
By the end of March, fiscal reserves are expected to stand at 652.9 billion dollars. That's enough to cover ten months of government spending.
To lower the burden on small and medium enterprises, the Institute suggests the government adjust the two-tiered profits tax system.
They also called for a one-off 100 percent reduction on salary and profits tax for individuals, with a cap of 5,000 dollars.
