BREAKING: Hong Kong Budget – HK$10,000 consumption vouchers for all eligible residents, in 2 instalments

A new round of HK$10,000 electronic spending coupons will be distributed to all permanent residents and new immigrants to Hong Kong who are aged 18 or above, the city’s financial chief said.

Presenting the final budget address of his term in the Legislative Council on Wednesday, Financial Secretary Paul Chan said the city’s fifth wave of Covid-19 cases has “badly hit people’s livelihood, jobs and businesses of small and medium enterprises.”

Financial Secretary Paul Chan. Photo: Video screenshot.

To encourage spending and support the affected businesses, the government is doubling the sum of the consumption vouchers to HK$10,000.

Peter Lee is a reporter for HKFP. He was previously a freelance journalist at Initium, covering political and court news. He holds a Global Communication bachelor degree from CUHK.

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