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PwC Predicts HK Govt 2025/26 Consolidated Budget Deficit to Sharply Drop to Only $200M
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In response to the upcoming Budget, PwC proposed a series of strategic recommendations aimed at driving growth and exploring new opportunities. PwC believed that Hong Kong should continue to strengthen its competitiveness in response to global economic trends, address related challenges and seize opportunities. Hong Kong's economic performance in 2025 showed optimistic growth momentum, while facing ongoing challenges. The real GDP growth for the first three quarters reached 3.3%, up from 2.6% in the same period of 2024. Overall, PwC expected the government's operating account to record a surplus. Although there are higher public works expenditures and lower land sale revenues, the capital account is still expected to show a deficit. However, the operating account surplus is expected to offset part of the impact. PwC predicted that the government will record only a $200 million consolidated deficit for 2025/26. AASTOCKS Financial News Website: www.aastocks.com |
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