Sunday, April 2

Hong Kong flags COVID-19 relief measures in 2022/23 budget

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HONG KONG — Hong Kong has provided for “countercyclical measures” worth more than HK$170 billion ($21.79 billion) in its budget to mitigate the impact of a new wave of social curbs against COVID-19, Finance Secretary Paul Chan said on Wednesday.

Chan unveiled the global financial hub’s 2022/23 budget in a video conference with legislators. ($1=7.8028 Hong Kong dollars) (Reporting by Hong Kong newsroom; Editing by Clarence Fernandez)