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‘Exceptional’ cash handout, going big on health care and what price this record-breaking deficit? Six things you need to know about the Hong Kong budget

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Scooped by his boss who announced a multibillion-dollar virus-aid package two weeks ago that aimed to bail out many sectors of the society, Hong Kong Financial Secretary Paul Chan Mo-po still managed to draw applause with his budget on Wednesday, with a HK$120 billion relief deal that included a cash handout for all and generous measures for all businesses.But the budget also recorded an all-time high deficit of HK$139 billion and Chan could not but sound a stern warning on the challenges ahead…



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