Politics
Written by: Zhou Lixi, Peng Yiwei, Wu Yi'an
2020-02-26 14:59
Last updated: 2020-02-26 14:59A new Budget was released today (26th). The Financial Secretary, Chen Maobo, announced the distribution of 10,000 yuan to Hong Kong permanent residents aged 18 or above, and introduced a 100% reduction in salaries tax and personal income tax. Measures to exempt residential property from annual rates, but the government estimates that the fiscal deficit for the coming year will be as high as 139.1 billion yuan, and the medium-term operating account will record a deficit for 5 consecutive years.
Chen Maobo held a press conference at 3 pm to introduce the contents of the budget and respond to questions. "Hong Kong 01" will be broadcast live.
Chen Maobo announced that the whole people would send 10,000 yuan. (Photo by Ou Jiale)
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