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Story perspectives

Calls for Tax Relief Amid Hong Kong's Budget Surplus

2/21/2026

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Story summary
  • Hong Kong's improving fiscal position has prompted calls for budget sweeteners, including tax relief for the middle class.
  • Economists advocate targeted spending rather than broad measures.
  • Finance Chief Paul Chan Mo-po announced an early operating surplus for the 2025-2026 financial year, estimated at HK$500 million (US$64 million).
  • Last year's one-off support measures decreased significantly from previous years.
  • The debate continues on balancing immediate relief with long-term financial goals.