Hong Kong’s public expenditure growth should not exceed that of its revenue despite signs of improving finances, Paul Chan Mo-po has said, while noting that the market expects increased government investment to speed up economic development.
But the financial secretary on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales figures for December, set to be released on Tuesday, would show that growth was continuing to rise.
The value of total retail sales in…
Hong Kong’s public expenditure growth cannot exceed revenue rise: Paul Chan
