WATCH LIVE: Hong Kong budget address 2025

Hong Kong Financial Secretary Paul Chan is delivering his 2025/2026 budget policy address. The city is grappling with a deficit projected to reach just under HK$100 billion (US$12.9 billion) for the 2024-25 financial year. Chan is under mounting pressure to balance the books and his speech is expected to outline measures to boost income and cut expenditures. Some economists have called for the government to bolster the city’s reserves by issuing more bonds to fund infrastructure investment. Sou...