HK sets $22-B funds to bolster economy

By Agence France-Presse

Feb 25, 2022 12:05 am

HONG KONG: Hong Kong's finance chief has unveiled a costly HK$170-billion ($21.79-billion) budget, including tax breaks and consumer spending vouchers, as the city reels under its worst coronavirus outbreak to date.

While rival finance centers emerging from pandemic isolation and reopening to the world, Hong Kong has found itself overwhelmed by the highly infectious Omicron variant after the city's previously successful zero-Covid strategy crumbled.

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